As of yesterday, liquidity was back at very elevated levels. They just aren't taking their foot off the gas. And when they have the past few months, it's only to slow down from 100 mph to 60 or 70 mph. Just enough to allow their henchmen a chance to reload.
But I hear you. This market is long past due. I do think the best we can hope for is yet another trip down to the lower trend line on the major averages.
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