Fast Facts

Don’t Panic! “Officially” It’s Just A Correction!

How many times have you heard or read this in Big Media the past few days? “Don’t panic. It’s just a correction.” Since it’s, “As seen on TV!” it must be good advice, right? “10% is an official correction,” the big media pundits tell you. Apparently, the 10% Rule was passed by Congress, signed by the President, and ratified by the…

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This Is Not A Retest—-Its A Live Bear!

brazil-central-bank-balance-sheet

According to the talking heads Tuesday was just a bull market “retest” of last week’s lows, which posted at 1867 on the S&P 500. As is evident below, the test was passed with 80 points to spare at today’s close. So according to the bull heads—–CNBC had three of them on the screen at once about 2pm—–its time to start nibbling…