Anyone looking for UPSIDE employment surprise has seen the tooth fairy.....THIS reality we are witnessing is so ugly, so severe.....the bear rallies have been sold and harder and harder to escape deflationary gravity....all should be concerned....when the last goof has called the the bottom and told us HOW COMPELLING values are must have crystal ball for forward earnings I don’t have.
Near 90% down volume IF holds into close would be a real hit to sellers are exhausted theory.
Now maybe gold feels it MUST show deflating values (before it is coveted as safe haven) what really is safe? In liquidation phase. Hedgies trying to STOP $600B flee....
I think of all things the 10 yr yield is SCREAMING "we are Screwed!"
The way gold and oil have sold off, especially OIL and the low 10 yr yields are a dramatic example of deflation IMHO......low gas prices are appreciated but when commodities sell off when FED is easing, when yields fall these are part of a down stock market...signs of WEAKNESS...people get confused.
I am glad I include where VIS support is, this was one piece of bullish puzzle I hadn't seen occur yet...a break of support area.
D
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