Thursday, May 18, 2006

PAUSE THAT WON'T REFRESH REAL worl evidence of inflation, Fed is bixed in a corner.

Last 8 X Fed discount rate reached 6% (we are there now) there was severe market reaction.

Evidence of 90% or near so down volume yesterday, selling pressure hits a new yearly high.

Vix highest level in 8 months, are the PRO'S getting nervous?

I may be jumping the gun, (meaning getting moving avg confirmation) but stock market action just as we were about to take out OLD bull market highs, making me think Bear market may be back, worst action since cyclical bull began, IMHO

Don't ignore history, are you going to stay fully invested in an aging bull mkt?


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