This is it! Its the big one! Stock market crash! Either it crashes all in one day or its the slower silent kind, no matter. We are at market top which you cannot deny. No matter the reason whether it be Janet Yellen or Obama or the weather or George Bush, this is what it is. Strap in because its going to be a scary ride down into the Abyss! I fully realize that “crash” is a very strong word full of all kinds of very definite connotations, but I really can’t think of any other way to articulate what is happening. With the S&P 500’s enormously-overvalued P/E ratio and immensely bearish technical breakdown, I can’t help but think that the professionals are selling out like crazy leaving the folks the Wall Street crowd call “suckers,” the mainstream working American middle-class with their precious retirement and college savings in the markets, left holding the bag, which is emptying fast. It is truly a tragic sight to behold, but this is the way these supercycle busts always work in history too yet virtually no one seems to heed their hard lessons!!! The markets could not care less about you or me, they just exist! Only a relatively small number of contrarian investors truly seek to understand the markets while the rest of the investors are trapped inside, by their own choice, and have no hope of escape, blinded by their own delusions. finviz/futures_charts.ashx?t=ES
Posted on: Mon, 03 Feb 2014 15:48:00 +0000
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