Wednesday, August 19, 2009

Market Bruises

Problems creeping into the Spring/Summer rally as various supporting elements begin to bruise. China's stock market is cracking which brings problems for so many equity growth supporters who have had little proof from the rest of the world's economic data that anything but a slow choppy march was ahead for most investments. Yes, when the market doll was run over and the stuffing was left to be collected and reassembled by cable business news anchors and guests, a valiant effort to manufacture bull dolls began because they make better companions for the thoughtless.

Markets will plow into some correction depths as next week's lows will become the dividing line for September/October price action anxiety.