yotta's - art of symetry - wednesday, page-34

And here is a piece from a highly regarded economist - David Rosenberg, Quoted on Zerohedge, titled "What (if anything) has changed)

http://www.zerohedge.com/news/rosenberg-explains-what-if-anything-has-changed

Quote on passage


As for the whippy rally we saw yesterday (and the follow-through today), let's not forget other facts on the ground:
• The Fed just told us that downside risks to the macro outlook are "significant". Since we are coming off roughly flat economic growth in the first half of the year, it would seem as though contraction at some point soon cannot be ruled out. Very few asset classes are priced for that prospect, though credit and raw materials stocks along with financials have come a very long way.
• Volume actually dropped on the NYSE yesterday, despite the price gain.
• New 52-week lows still outnumbered fresh highs.
• The 50-day and 100-day trendlines are in confirmed correction patterns.
• The market had a chance to break out through the upside of the recent range and failed; stocks that looked set to lead the advance have faltered badly. Only "policy pronouncements" as the S&P 500 trades down to the low end has prevented a more serious correction from taking hold, at least for now.
• The number of leading stocks that saw higher volume in yesterday's action was few and far between.