Well, if today didn't turn out looking like the first wave of a third, reasserting even more decidedly — yet still relatively calmly — the wounded call gasping, "I've fallen and I can't get up!"
(If when I turn 130 these voices in my head become a problem, remember these ring side seats where it all started.)
Look at that beautiful RSI stuck on the sell side ... and today once again never plowing deeply into extreme territory ... then regaining balance ... this as $SPX flat-lined ... Mon petit chou! ... I bid you Adieux! ... it appears a train wreck on a third wave of a third is arrived.
Yet might this too be but another false scare?
Maybe so. But has not today shown a prior day's fright, momentarily brought delight, is vulnerable to a bigger scare still? And today's ... to end the week no less! Dangerous.
What's that I hear ahead?
Kaboom.
(Great conversation with Christopher Whalen of Institutional Risk Analytics
during today's Word on the Street...)
during today's Word on the Street...)
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