Gut check

The only reason for the sell off at T-Zero at Uncle ben was just a gut check..... I still think that the "REAL Fear" was a tightening......

I still say Long term Bear..... But we won't see that till next week...... But....

Markets will expect a September Ease.... Question is "Will it happen"

1. loss of jobs
2. good drop in housing
3. Loss of a major lender(they will ease before anyone "Major" folds)

Here is the key to the ease..

An ounce of prevention is worth a pound of cure...

an immediate .25 cut would be worth a Sept .5.... And an move to neutral in the last 2 would have moved us more into a "Soft Landing".... Day late and a dollar short.....

8:18 am- the SPY is still in support, the IWM is kind of sucking but still in support... Mostly The SMH(semi-s) are trying to break out The QQQQ just showed a double bottom.... Ya... The iwm is holding us back.... but it sucks and is why there will be a Bear......

if your getting beat by the DRF this morning..... You should pick better stocks.

I talk like a fucking genious... but I was a heartbeat from shorting the market yesterday morning.