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Author:

Jester Debunker

Subject:

Off Topic

Date:

09/16/15 at 8:32 AM CDT

 

 

READ: 5

RPLY: 2

0

0

RECS:0

Sentiment:

Neutral

Reply to:

MSG`#2921,`09/16/15
By LongTerm CapGains

 

Re: With so many bearish Articles and many pundits getting bearish ...

This article from yesterday is good. As always, it's about the Fed tomorrow.

finance.yahoo.com/ne...6.html

So next few days, who the hell knows. I see we've had more bad news in the last 24 hours from HP (30K more layoffs) and Fedex (lower earnings and lower guidance), and the market breadth leadership is very narrow which IMO means new highs look unlikely. Even if the Fed doesn't hike rates, we'll just revisit this discussion next month and the month after, and the uncertainty will be an overhang. I think that plus the recent price action has given enough people the thought to be selling into rallies, which isn't the same as going short and looking for 20% declines.

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