DJIA 0.31% 26,683 dow jones industrials

whats wrong with this picture

  1. 17,248 Posts.
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    What's wrong with this picture ?? I'll tell you what's wrong....we are on the knee of the curve were we fall into the abyss. Normally a bullish and jovial fellow I find myself completely out of the market as of yesterday afternoon.

    And why ?? As we travelled down the first blue line on my chart we had what i considered an orderly correction. For a couple of days after the first line finished my posts made many noises about "a couple of up nights in the US to return to the trend line" That never happened but instead we got the second new and improved turbo supercharged steeper blue decline......and i fear last nights fall was something else again. And all this on rising volume.

    The fact that the US fed met this week and kept rates on hold was no coincidence. They are all out of smoke and mirrors. Rising oil prices are now as much about demand as they are about falling USD. But if the Fed puts rates up then growth stalls and we fall into the abyss. They leave them unchanged or drop them and inflation increases and the USD weakens more.....and we fall into the abyss.

    If I am missing a piece of this puzzle and there is a silver lining on the horizon then I would love to hear about it from other posters. But please...straw clutchers need not apply. Hope is the biggest killer in this game....so I have found

 
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