AM MARKET TALK

The 2nd 90% downside volume day we got yeaterday came just 6 days after the first one and is a further signal that something is terribly wrong.

These excessive selling days can be followed by a few days of rally, but I don't expect anything too jiggy.

We are in front of FED meeting and as usual the big poobah's will make their usual idiotic statements that get parced by the media for a single change in a word or phrase hoping that brings NEW LIGHT to the current market and economy.

The bear market rally was a good one, but if not the start of NEW BULL MKT, when they end, leaves behind a lot of unhappy people who got sucked in. Smart money more than likely have been distributing their shares to new bagholders, they win again.

D