As I sit in my meager looking Bear Camp, a place that has looked more and more run-down over the past couple of years, I still get excited over possible cracks in the bull run that is now over 4 years old. After doing this long enough, one will give up grasping at straws until only Those In Charge are ready to allow a drop.. or it gets out of their hands. But, I’m still here as the camp gets more deserted every day, and I present this straw to you:
Two rather Bearish points:
(1) Dow Theory says that correction-time is coming. Possibly next week?
(2) Russel 2000 (small caps) are ordained as the Market leaders, where $RUT goes the rest must follow. Russel led this 6 month rally, and now there is a disturbance in the Force. The divergence between Dow and Russel this week is painful.
Keep in mind that this is only a correction for THIS bull run. I’m not talking about The Big One yet.
On the other hand, there is that ever-present Federal Reserve Bank trump card: QE4-EVA, a.k.a. “The Spice must flow!”
But while the proverbial pedal is to the metal, cracks often lead to catastrophic failure.
