Stocks reversed an early rally, and failed badly, going out on the lows.
This is not constructive action for a bear market bottom.
Gold and silver especially were slammed lower in a follow-up to yesterday's expiration.
Let's see if they can find bottom-around support here.
The VIX rose.
The Dollar rallied sharply higher in what looked like a 'risk off' reaction.
"The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery."
Jesse, May 2009
The high ground right now is cash.
The winner in a grinding bear market, if that indeed is where we find ourselves now, are those who lose least.
Have a pleasant evening.
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