RiskAverseAlert

Commodities, Global Markets

Equity is DEAD MONEY. Stocks don't need volume to decline. They can fall of their own weight. And with a mountain of debt needing servicing ... and the physical economic capacity for doing so collapsing ... fall of their own weight they will.

The stock market is nowhere even close to bottom. Yet to sweep over the lower Manhattan casino is ... capitulation. This is the big picture in a nutshell.

Returning to Thursday's throttling ... the best those holders of bloated, over-priced inventory could do was cease offering their shares for sale. No one was buying. A disaster in waiting is all this revealed. It may take some days/weeks for truth to sink in. Yet when it does, we're likely to see an avalanche rushing toward the exits...