Is this the beginning of a return to reality?
Or just another headfake before the bulls try to prop the market higher once more? We know the Dow will make a new low within the next 6-12 months, it's just a question of when the bulls give up the fight and let gravity work its magic. Two things I do know, the EUR/USD under 1.40 (soaring dollar) and technology (thanks QCOM) getting smashed will eventually be a problem once bulls get their heads out of the sand. I'm looking forward to having more thoughtful discussion here at CAPS once it becomes acceptable to be a bear again.