Very little to add. More yuck in a bunch of areas with the Euro continuing to crumble. Major indices that had broken above range have

And that’s being nice. But first, for a very long time, every time markets have been hit hard, every time massive distribution showed up, every

We held off writing last night just to see how this morning goes and it is not pretty…a decent gap to the downside. We just

First off…what has not changed: We remain bearish on about 40% of the market…with most worsening in the past week. Our latest stance change occurred