I posted this last night when the market was almost level......

I posted this last night when the market was almost level... tonight we see that the S&P ended up 1.2% down and back to the lost decade.

Tonight the Futures show another 1% decline so obviously sentiment has turned south... But is it south enough to cause capitulation?

Probably not... with so many trades more than 60% being run by Bots (an excellent post on this earlier on in the week Here), I think it's more a mater of cut by cut by cut.

Another good post earlier today of the 4 major bear markets, shows that the only Bear market that had a bigger decline (in the US) was the 1930's. BUT all other Bear markets were longer... this one is very steep and reflects the 1930's Bear market more and the Nikkei 1985-today (Holy Moly Guacamole!!)