Recent closing volume tells a different story. Large buyers are watching closely for a bottom. A few anxious ones showed their hand yesterday. The bottom will reveal itself between now and the closing bell tomorrow.
What about the up coming crash caused by Washington the first week of August ?If August 2 comes without a deal, the dow could hit 11,000 easily and very quickly, and that's not really that low at all.
The guys in Washington only appear to be dumber than a bag of rocks because they are bribed so easily.No matter how many shorts have paid them to sink the economy they're not stupid enough to risk their seat on the gravy train during their next election.They'll magically come up with a compromise this weekend. We hit bottom today.