M3 for the month of September just COLLAPSED!
The monthly change from the previous month shows HUGE GROWTH from May to July of this year, with some continued growth in August, and then a total reversal in September.
This bodes well for a CORRECTION in the Equity Markets!
May: +92.6 billion
June: +66.0 billion
July: + 161.5 billion
Aug: +23.4 billion
Sept: -24.0 billion
'Tis but a flesh wound!