A few short notes heading into the fake job’s report and the weekend.

Greetings from snowy Denver.

If this isnt a bear market, we hate to see what a bear market looks like. We say this because a few brave but idiotic market pundits were out today saying that we are still in a bull market. They are either nuts or full of crap with an agenda.

If you short now after 1250 Dow points in 6 days, good luck. We are not saying we are not going straight down. We are saying odds favor we are getting close to a vicious oversold bounce…and speaking of that…

The market had better bounce soon. Our best uneducated guess…and we mean guess is that we are a day or two away from a real bounce to work off one of the most stretched, extended and oversold conditions we have seen in a long time. A quick few hundred points is not out of the question and suspect the market tries to screw everyone by gapping up.

That all said, the charts are about as onerous as we have seen in a long time. Be careful as things will start trading all over the map with many whipsaws.