For weeks the bull machine was relentless, ignoring everything on the heels of massive central bank intervention. The warning signs kept mounting in charts getting extended, a narrowing of the rally, volatility building bullish patterns, divergences galore and investors recklessly going full retard as I called it.
Nothing matters until it does. Suddenly it does and all the building technical structures suddenly mattered and we see large reversals and technical reversals across the board.
One can certainly make the case that this here is just a long overdue correction in an extended market. And this may well be the case, but as I outlined this weekend it may not be as markets hit a key technical zone:
http://www.zerohedge.com/markets/its-not-different-time?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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