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On the eighth day of October and the eighth day of the government shutdown, a straw broke the back of the momentum camel.
Currently, the vast majority of market participants worship at the shrine of the Fed.
Five consecutive losing days is a rare bird historically on the Dow, so the normal expectation would be for a rally attempt.
The 2013 advance has been backstopped by the Fed at every twist and turn.
A break below S&P 1650 should see downside acceleration.
Saying they "could buy more" was a sign that they were thinking of buying less.
They say the most ferocious rallies occur in the midst of bear markets.