THIS BELL TOLS FOR THEE THE BELL IS RUNG

WHEN was the last time new lows had overtaken new highs, especially for more than few days? And we are reaching levels consistently of 4 to 1,
5 to 1 (today 159 new lows to 34 new highs) NAZ 2 to 1

LOOK AT TOL from Late July highs, WOOF! THAT my friends is NOT just a correction that is a trend!

It’s not just that the market is dripping its WHO’s doing the dripping. IN a relay race, you hope to have a strong runner to hand off to and win the race, the baton has fallen and slipped down the storm drain.

You need auto’s and housing to lead you out of Recession, my feeling is we used that trump card, we spent the fuel, rates to 45 yr lows we spent the fuel, and now FED is raising….as the most inopportune time….and they wont stop til its too late....and they created the type of inflation they now worry about!!!!

This thing that may be set in motion, the baton handing to one asset inflation to another is now fumbled and disqualified.

How they hold it together from here I am not sure, and I cant think they are through trying, but a dollar don’t get you what it used to.

Duratek