Stock Market Splat…At The Precipice…Fed Will Act Soon..

I thought about different titles, but after thinking about it the word splat is the word that seemed best to explain today’s action across the stock market world. China got annihilated last night to the tune of 6%, which would equal 120 S&P 500 points and 1000 Dow points. Imagine those headlines, if that occurred here in the United States. Europe followed China. We followed Europe, and the result is a market on the precipice of seeing its bull market vanish away. It hasn’t happened yet, and may not happen, but the bulls are being tested here in a very large way. It’s put up or shut up time for the bulls. If we lose 2040 on the S&P 500 then its lights out. Of course, it must lose it with force, then back test and fail on that back test to verify that the good old days are gone for a while to come.
I thought about different titles, but after thinking about it the word splat is the word that seemed best to explain today’s action across the stock market world. China got annihilated last night to the tune of 6%, which would equal 120 S&P 500 points and 1000 Dow points. Imagine those headlines, if that occurred here in the United States. Europe followed China. We followed Europe, and the result is a market on the precipice of seeing its bull market vanish away. It hasn’t happened yet, and may not happen, but the bulls are being tested here in a very large way. It’s put up or shut up time for the bulls. If we lose 2040 on the S&P 500 then its lights out. Of course, it must lose it with force, then back test and fail on that back test to verify that the good old days are gone for a while to come.