Monday, August 24, 2015

Market Loses Again

No rescue from Fed speak although I am sure they are watching.  The Fed has begun the weaning whether intentional or not so the markets are running all over their ranges to find a place where it does not hurt.  Interest rates are plummeting again and here we are.  Short covering rallies are as vicious as the breaks and there is whole bunch of potential chatter overnight that could send markets sharply higher or lower.  The 2008 pattern remains and we have actually surpassed the decline from top to bottom as we have moved -14.24% against -12.5% decline in 2008 in the May 19th to August 24 time period.