I am a member of a private forum that traders/economists use. The owner just won a pretty big award for his reporting on the economy. Every trading day he keeps a locked thread going where he posts what is happening on the markets literally up to the second. Here is the post he just made:
Quote:
Back over 20:1 A/D, heading for 30:1 at this rate.
That's simply unbelievable.
There is just no strength and no resiliance anywhere. I am unfortunately coming to the opinion that we're simply done - economically, politically and otherwise.
SPX 300 is looking more and more likely.
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