claydoctor

IWM to 104 or 92 close up

Short
AMEX:IWM   iShares Russell 2000 ETF
This has been a historic bull market, and I fully expect the bulls to remain in denial here, they are simply drunk and addicted to the FED and this currency and rate driven easy play. Believe it or not, the pros have gotten lazy, and really don't want to work as hard as they used to for yield. Also, I notice a similarity to how the financial media reports this move, and how the political media reports the Obama and Democratic administration. They believe a thing, report a thing, spin a thing, therefore a "thing is" what they say it is. Amazing, and the public watches that stuff. Denial and deception run amuck. So the FED is going to lower rates yet again?!!!!! Are you kidding me? That could be the final straw. It's like being a helicopter parent. Hovering over your kids, and do everything for them, keep them from failure and pain, because you don't want them to hurt. I get it,been there, done that, but realized soon enough, wrong, wrong, wrong, not good for them. But eventually everyone will see later it is absolutely the wrong thing to do. At some point the FED and the central banks have to let this market and economy drive itself. I don't see that happening, when the market and both financial and political media (the spoiled kids) put incredible pressure on them to helicopter more, more, more. ENOUGH! IWM has a lot of global in it, and the rest of the globe is about to plunge into recession, and take the US with it. Lower reates yet again, who are they kidding, maybe just to be able to say they did everything they could and then some. Its the then some that may be the straw that broke the canmels back. So we head to gap 1 long term support trend, and we bounce with the head of bulls hoping the correction is over. And then we hear announcements of rate cuts and other stupid gestures to stimulate from the ECB and BOJ and even FED. These are panic moves and when the market realizes it, it will finally panic too, then comes gap 2. Then the question is, does the market stablize, and support itself, and we see just how strong its legs really are to come back, and bring the economy back with it, or does the recession take hold, and drag us further yet. You won't hear this "news" on any media outlets. Funny how bad news fills the air waves of general news, but doesn't even get mentioned hardly in political and financial news. Crazy world we lie it isn't it? Fear and Greed, and let's add one more, PANIC. We will see how they play out here. And all it takes is one huge world event, financially speaking, to take this market to a real VALUATIONS.

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