John Pseudonym

Welcome to Wall Street, Barack Obama

"However, for confidence to return, sustained moves above 10,000 for the Dow and 1,000 for the S&P 500 are required."

Remember how we reached 14,000...the world bought stocks with imaginary money.

The imaginary money still exits, but the bankrupt publics' access to it is shrinking by the day.

I've said for years that the final blow will be the direction of cash flow for the average investor and his/her 401K plan.

A mountain of money poured into stocks through 401k's. As the inflow reverts to an outflow, the market will have no where to go but down...

Wednesday Outlook: Commodities, Emerging Markets

Prediction:

Wells Fargo execs are now selling their shares and this news will sink the stock once again.

My guess is that they announced the dividend increase and did everything they could to paint a "rosy" picture of their business in order cause the shorts to run for the door.

Now they have a second opportunity to get out with their heads and I bet you they will take it.