[newsletterchapter2 title=”GENERAL MARKET COMMENTS”] The BABA Reversal told of a Top. Stocks have continued to correct. Recent weakness has now produced a series of very low daily Sentiment readings but there has been no robust bid at all.
Thus, there is not yet any “Buy the Dip,” Behavior. Financial Culture has been “Struck” a bit dumb by recent Market developments. It looks like this viral cascade is in alignment with my forecast for a potential Black Hole over the next few weeks.