I think the DOW gets down to 10k sometime in the next 6 months. I think its a 99% chance we get that low.
We've been consolidating for this selloff for the past 6 weeks. The bounce, if there is one, will be feeble. This down move is for real and will take the breath away from overanxious bottom pickers, who have sh*t all over their hands from one too many forays into the deep dark recesses. Its an in your face bear market and instead of trying to short, people are trying to pick bottoms. The logic is beyond me...