Chinese Water Torture

Best description of this MFer of a market. Seriously.

Grind, grind, grind....lower.

Worst start to the indexes since, what?...'73?

Congratulations to the newly empowered equity traders of the world. Don't you feel empowered?

Power to the people!

(Short interest is sky-high-mile-pie; look for a relief rally next week)

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That's what real bear markets are all about..... month after month of downward grind.

 

Rally next week!

 

Pessimism is extraordinary now, with some 30 YEAR lows on blue chips and financials.

We're off the highs of '07 by 20% now.

 

Yet majority of ETers are calling for a rally next week. Everyone is a contrarian! It can't be that much pessimism when so many ET'ers are looking for a relief rally next week. Duh.....

 

We're in a bear market, so might as well get used to it.

 

Fed meeting next week, more volatility awaits.


Dont expect any kind of rate cuts, if anything everyone will be paying even more attention to what he has to say about the economy which we can already predict, higher inflation and slowing growth, thats going to be it.

 

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