Banking and Brokerage Brothels

Looking at this week's action one can ask whether or not the action for the week indicates a top or a bottom. There is some range building being done which is needed to lift the markets, but direction could easily turn into another leg down as overall price action is linked to continued bad news from virtually every brokerage and banking brothel. Once again these guys have proven their profitable endeavors have been derived via transaction fees from financial products so poorly conceived they are almost useless in protecting any asset. These geniuses are great a marketing but not at making a market. If the market has misjudged the underlying strength of the current price construct, it will quickly adjust to the south.