What is the logical argument behind this assessment. I'm not challenging you. I would just like to know the reason behind it so I can determine if I agree or not asyou didn't offer any reason for a sell off. Normally people like to know these things.
Market has gotten ahead of itself
Seasonal pattern calls for a pullback
Vix low signals complacency
A correction just feels right right now.
Things feel toppy.
Fiscal contraction is a certainty, only a matter of degree.
Fed minutes show uncertainty at Bernanke's table. QE3 will need to be moderated to keep a bubble from forming. Bernanke has testified that we need fiscal policy response, and it is clear that he is basically overcompensating for the red-blue war by jacking monetary policy. He may have to concede the monetary bandage has to come off.
Corp earnings not beating expectations well - eroding confidence.
Nothing to suggest job creation is about to kick in.
Oh!!! Flaming-one We can't let that happen. We all know its the GOP ,s fault. Perhaps El presidente will declare Martial Law ,nullify the Constitution and SAVE us. Then the Emperor can sit on his throne with a bone in his nose just like in the Old Country. Then the playing field can be leveled along with Churches , business and other institutions. Sounds tasty ? huh ?
We need to be saved as we know not what we do. In my opinion the only option is to crucify the anointed one so our souls can be cleansed of our past sins. I would be willing to allow this for the betterment of the unworthy masses. Don’t let it be said I was not dedicated to the liberal cause. Then we can bow down to the honored matre in subservience who is more deserving of our obedience now that she has rid herself of that 1950s hair cut and now graces us with style. I fall to my knees in awe.