Another insight from commenter David Young:
Rounding, distribution top in progress, a classic chart formation. If bear markets end around 10x earnings and earnings drop another 10% into 2016, we have a market adjustment potential of 65%. Has trading volume on the NYSE been declining all year or what?!
JUST WAIT UNTIL A GIANT HAIRBALL OF A DEFAULT COMES OUT OF CHINA OR EUROPE OR BOTH IN THE WEEKS AHEAD. The little snowball is already going down the mountainside, and is destined to become the size of the Eiffel Tower before this First Act is over. It will have a lot of humanoid arms and legs sticking out of it before it come to a rest in 2018.
ME THINKS THE DEVILISH NUMBER OF 666 IS IN STORE FOR THE S&P500 ONCE AGAIN, ME MATIES! And we will be doing good to maintain and not sink well below it with another $60 Trillion in debt in the world since the Fall of 2008. Did I say FALL?!!!