Friday Outlook: From Bad to Worse

There was some feedback yesterday’s image was a little over-the-top. So, I’ll be a good boy today and not try to offend the sensitive among us since the markets are offensive enough, right?

There’s a lot of ink that this post election market is one of the worst in history. But, perhaps a little perspective is in order. When the current president [we can’t use his name] first won in 2000, we were entering a bear market that began with the dotcom collapse [you remember that I suppose] and on into a recession.



Volume picked-up some today with more selling and breadth as negative as you might expect. As it turned out yesterday was a 10/90 day as declines and volume were that negative. ETF Digest subscriber and blog reader David Hurwitz was kind enough to assemble this volume and breadth chart for us and it confirms another 10/90 day. Thanks Dave!

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