It is based on my impression of markets and that I trade every day and the last few weeks just do not feel right. Today was really really weird from a liquidity standpoint.
All major markets around world down 20-40%.
This census information also very telling.
Yellen will never ever ever raise rates. Something very wrong.
Half the container fleet in China is in dry dock which means bad business for China and no one buying in America.
I could go on and on plus I have some colleagues who have been in these markets for 60 years and they are telling me same.
The technical look weak. Support breaking down everywhere. Moving averages being violated.
Dont kow if we’ll go as low as last time, but you’re right. The never ending QE is a bad sign.
this president is a disaster.