So lets break this down abit. Once again that is BIG Picture: The stock market is Ok at S&P 5,170 you however may very much hurting if you listened to any of these idiots who were bullish last week. Not to pick n Vz but when you are not a pro and you spout off a lot of bullish nonsense and then look quite stupid a week later you can't tell an investor "Oh I'm a silly billy, I flip flop- "none of my takes have shelf life of over a day<-- That was a quote.. So I guess you know where not to look for big picture moves. But Vz is half way teasing all the time which I think can be funny but in really serious times is not appropriate and we are in really serious times.
So when I make major market call and in my time her at ET I have made maybe six.. seven all correct (Including the Big Top and The Big low) it is very important that you all listen. These TV talking heads are poison. We need counter-programing which i provide.
Ok that 5,170 number really is 5,200 but I wanted wiggle room. If we get as far down as 5,200 we are in deep trouble anyway.. Sometimes a market will undercut a low and then reverse so I gave myself 30 points leeway.
Ok my best guess is: I'm doing this Sept 4- we stop at
5,342./