kaltbaum email

Just got back from my charity Thanksgiving dinner. I have had zero time to scan but really don’t need to. Despite oversold conditions, the market is falling apart. It is that bad. Just about everything is breaking down…just about everything is cracking. I am happy we are out of the way but iwsh we got the bounce to short…oh well. We will eventually get that chance…just not sure when.

 

I now believe odds favor this is going to be a bear market…which gets defined by a 20% drop in major indices. I am just surprised it is happening in November. I will be up scanning early and will have a more complete report in morning.