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Well, just reporting in! fehro and Pasta Boss pointed out the bear concerns right out of the gate and were right. Ugly day! Being a bull type of guy, glad I wasn't here to try to trade something!!
They really need the end of day rebalancing to be positive, but I don't think that is going to happen. Last hope is a much better than expected payrolls print to force the market open on a big positive gap up. Failing that how can they not find something positive for the over the weekend headlines out of the G-20 meeting.
I clearly remember a couple of weeks ago when the end of the week was rotten and they had a really big gap and go on a Monday. Oh! That was June 19 and it ended very badly, so just never mind, I am sure Janet, Stan and Bill will figure something out. Oh! I forgot they all said the market can just go to blazes for all they care, so never mind. At least we know it won't get to be a crisis in Janet's lifetime, but she is really old.
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.