The hallmark of forecasting a crash is a 'trigger event' that causes the rally that fails. 

If there is no trigger event the usual market interventions by the fiscal and monetary authorities can turn the markets back up, and prolong the putative financial asset bubble until the real economy catches up to its valuations, or an event of sufficient magnitude finally occurs and a severe correction ensues. 

Like snow building for an avalanche, at some point in an extended bubble, it may take an event of much lesser magnitude than one might expect to set off the slide. Of late, however, the Fed and the Exchange Stabilization Fund have become so determined to support markets that the events tend to be of a greater magnitude. So what has happened in the past may not happen now. 

Stocks continued their decline today. Goldilocks seems to have the vapors.

Gold and silver took a pause most likely with an eye to the stock market option expiration on Friday.

The Dollar slipped off the 106 handle.

VIX marked time at an elevated level.

Have a pleasant evening.

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