We now have Eight Yellow Arrows. This is cause for concern, and that concern should translate into a careful watching of the Decline Limit Price but not a rush to assume a rating change will be imminent. We’ll grant you the market doesn’t look good right now but we don’t base our rating changes on what the market “looks” like. We need empirical evidence before we change our ratings and, for the vast majority of our ETFs we have yet to receive that evidence.
