Banyan’s predication of 70% market drop due to change in Rule 10b-18 (stock repurchases) after August 1st SEC meeting

By sroussey, June 22, 2018

I know some congressmen and some SEC personnel have suggested making changes recently, but what are the chances of it really being repealed? I could see some small changes happening, but I don’t think anyone would really cut it.

https://pro.banyanhill.com/p/CRASH/PSCEU603/?h=true

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5 Comments on " Banyan’s predication of 70% market drop due to change in Rule 10b-18 (stock repurchases) after August 1st SEC meeting"

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meassassin
Member
14

Soooooo, anyways, any of you market gurus have some thoughts? They sure make a good case for the little guys destruction.

Brett S
Guest
0

Yes, quite the exaggeration. This is the only minor revision the SEC will make to 10B 18 which will not affect the stock market:
https://www.briefinggovernance.com/2018/06/sec-commissioner-jackson-calls-for-restrictions-on-stock-buybacks/

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Randy
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0
I got as far as the little lamb and turned off the video. However, looking at a 20 year chart of the S&P 500 on a monthly and quarterly basis, gives one pause. On a monthly basis, it appears the market has already had some rumblings which indicate a correction, however the quarterly chart is the most scary. All the indicators I use are the highest they have been in 20 years, which include the 2001 and 2008 crashes. The latest quarter reflects a Bearish Harami candlestick formation and a bearish wedge. From a purely technical analysis, this market is… Read more »
EvanK
Guest
0

What’s your take on the level of margin debt in the market? This seemed to be the scariest stat of all.

Carl
Guest
0

Post your charts please.

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