Just talked to my uncle. He says the weekly LEI, which has been very good at predicting market moves within a couple weeks, has turned down sharply, concurent economic indicators have turned down, housing looks dreadful, and his wife who is a leading expert on politics (my uncle was one of the economist on the team looking at why the crash of 1987 happened, and he said the govt was the one who bought large numbers of futures tuesday morning, which prevented the nyse from shutting down), she says the gop will allow the sequester, and likely will stop congress from not letting it go into effect that end of march.
I should be selling the farm and shorting, but am waiting for a big up day monday, then I short all of my money buying the qid.
the end is nearer than I thought, but I would not count out a rally to 1570 before the big bad bear bites by the fall.
