The plunge protection boys will be trying their hardest to...

The plunge protection boys will be trying their hardest to insure the Dec 2018 low on the S&P 500 isn't breached because when it falls through that level the slide will continue. The difference between this time and 2008 is that last time the slide started with bankruptcies. Lehman brothers was the biggest bankruptcy in history with $600 billion of assets under management. The Fed has just pumped multiples of that amount, trillions, into these markets over the last weeks and months and can hardly manage to produce a small bounce and there have been no major bankruptcies that we know of yet. Why does the market even need the money if nothing has gone bankrupt, that's the riddle. The answer is that the whole system is bankrupt, so many fires they don't know where to start. Floating the idea of letting banks tap into their reserve ratios tells the whole untold story. Don't be mistaken this is still a big fat ugly bubble as Trump declared before his election in 2016. No doubt in my mind we will see sub-2016 levels on the major stock indexes, not necessarily tomorrow but in the weeks, months and year ahead.Esh