Ron M Morin
Short

Cusp of Collapse or New ATH?

FX:SPX500   S&P 500 index of US listed shares
45 2 1
I don't have a crystal ball, but I am alert to the vulnerability of this market. Small Caps are not following Big Caps up. Breadth is woefully anemic. Sentiment is--as always--delusionally bullish . That the FED is losing credibility by the minute, that earnings are punk, that deflation is knocking on our door--none of that matters. Only free money still talks. But for how long?

Chart-wise, the bulls still have options--technically, they are walking in muck--up to their knees. GL
thanks for a well rounded perspective.....we all want to read tomorrow's WSJ today....a difficult task!!
Reply
Ron M Morin Rob Wallace Williams
a year ago
Thank you. Nice to be called level-headed, especially in a market noticeably lacking in such a trait.
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