Its Over, page-12561

...from what I see in Ciovacco's charts, technicals looks shot and more imminent downside is ahead.

...IMO if we break 4000 on the S&P500 with volume, we could start to see the unfolding of the downhill rolling ball gaining more momentum concept - margin call risks which translate into liquidation risks and collateral damage risks and if it gets bad enough, possibly even systemic risks. But we may not see all this happening over the next week or next month necessarily , it could take 3-4 months to pan out. If the above risks translates into reality, we are likely to get the Everything Sell mode - nothing is spared, only cash will. Not even Gold which could become hostage to collateral damage risk once liquidation sets in motion, financial and energy stocks which have yet to bear the brunt of the brutal onslaught could be the last bastions for the break down.

...and I won't be as hopeful as Ciovacco to believe that we could possibly see the greener pastures on the other side once we have seen the bottoming process even as history has shown. Simply because what happened in the past bear no resemblance to the times we now face. We can be hopeful that if we maintain discipline to maintain ample cash to take advantage of opportunities ahead,  we would be in a good place but nevertheless can't be too presumptive. The equity markets in the aftermath of Big Kahuna 2.0 may face years of being in the doldrums. It may be a living reality that we face stagnant growth while inflation continues to stay above the averages of the past decade, necessitating that rates would not be in the position to return to its historical low levels.

...its the case of surviving this bear to fight another day, when it arrives, if it arrives. The longer you stay at the casino, odds are you will return back all or most of your gains or worse lose even more, the equity market which resembles a giant casino is no different. Question is when will you leave the table?