Sunday Rock Blog: Diamonds on the Soles of Her Shoes

Saturday Rock Blog: Scarborough Fair

You can call me Al

This one goes out to the patient shorts out there, good work. I can be your long lost pal. And for all of you who have been wondering what betweenthebars looks like, he's a spitting image of Chevy Chase only a little shorter (pun?).

Slip slidin' away...

The chart of the S&P 500 above says it all. The major indexes have made new 52 week closing lows, the recent uptrend from the January lows has ended and we appear to be beginning the next leg lower. This second phase of the bear market will be characterized by acceptance of the fact that equities will be declining for a long time and the market will now try to price in the new accepted reality of a recession. The only thing that stands in the way of a full scale market crash is tomorrow's jobs report. Good luck out there, I hope you have been short.

Saturday Rock Blogging: Diamonds on The Soles of Her Shoes