Lending Club Breakout?Fundamental research is beginning to reveal the adverse effects of credit creation, particularly since 2008, in the global economy. I'm constantly on the lookout for credit creators to short.
Here's a recent finding by the Cleveland Fed:
clevelandfed.org
As for Lending Club, price may retrace back to $5 region before heading south as per RSI. Early bird entry is just below $4, but I expect the big selloff below $3.46 where price action has not traded before.
