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    1. In historical term, in my view of DOW Theory, the market did NOT re-test at dow 12,500.. and that would be my guess at the bottom of this cycle…
      Interesting cycle test going on now…. It seems in some circles that a few believe the PRICE of things has reached a top for now… thus we are heading towards a recession… ??

    2. "What though the radiance which was once so bright be now forever taken from my sight, though nothing can bring back the hour of splendor in the grass, of glory in the flower, we will grieve not but rather find strength in what remains behind"..W. Woodsworth. I'm sorry for your loss.

    3. But the issue that is never addressed by analysts discussing the bond market correction are credit ratings. A series of downgrades of the US, Germany, France, UK, Japan, China, et al is the 800 pound gorilla in the room. That’s what blows interest rates through the Fed’s plot and blows up the debt rollover scheme. Just sayin…

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