Let’s talk about sentiment.
Last week was the worst market week since March 2009. Similarly, the three-day decline from Wednesday through Friday was the worst three days since March 2009. The market is now officially in the red for 2010. And the persons we’ve identified as market props (Bernanke, Geithner, etc) are now beginning to come under intense fire for their actions.
In a word, the market has changed. I truly believe we are at the beginning of a seismic shift in the markets. I do not use the word “seismic” loosely. And everywhere we look, there are signs of a Market Top being formed. Just a few include:
Disclosure: No Positions