All's I can say is there are a whole lot of internet prognosticators and CNBC'ers saying to 'buy this dip', and go long for the next 3 to 4 weeks, for what they consider this inevitable market rebound.
Dip ([bleeeep]) buyers might have been too well 'trained' (read: brainwashed)for the past 5 years, by the FED, HFT's, and algo's that drove the markets relentlessly higher, such that they now ignore any potential for a cascading slide here.
Its the slippery slope of hope, that has me concerned.
Supposedly PCR's are highest they've been since '07, before you know what happened, so somebody out there is buying some 'protection' for some odd reason.
How can it be a 'top' if everybody is seeing it coming , and yet still ignoring the consequences ????????????????
(maybe its like all the folks who stick around during the hurricane warnings, and threats by authorities to get out of harms way, but then they think they are 'tough guy' and can handle whatever motha nature throws at them ?
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