for all of the "dip-buyers" and perma-bulls out there, I will make this suggestion here just once:
TAKE A GOOD LOOK AT www.zerohedge.com before committing even one more thin dime to this topped market.
I will be here to chronicle the coming plunge in the indices going forward.
P.S. -- the Fed won't do shit in December except make more excuses... and this time the market will NOT like it.
well, we gave back 10 days worth of gains in a mere 2 days... if we see more follow thru to the downside tomorrow in the DJIA, the S&P, and the IWM --- then short this market with malice and prejudice. Escalator up, elevator down kids.
Obviously I am already very, very short this Ponzi, Fed-fueled market, but that was a choice I made weeks ago.
Lower highs and lower lows await, we are so close to how this wounded zombie bull ends now that you can almost smell the $$$
update: more distribution on the NYSE and Nasdaq Wednesday and Friday in particular, junk bond funds are now experiencing going concerns, and PMs have stabilized as indices fell through "support" levels -- a clear sign that the risk-off sentiment is gripping markets once again as it did in late summer.
We have been adding shorts to existing short positions and have added to our volatility instruments (TVIX/UVXY) since last Thursday enjoying Friday's 30% rise (breakout) as more uncertainty is to be expected. The bull is about one or two swords in the spine from expiring for good, and warm temps are keeping the bears from hibernating as they can smell more blood coming.
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