Here's what I expect to happen* based on periods of past history - music starts fading out (as it is now), actual bear market starts (as its doing now), the market either fights it tooth and nail or people start jumping ship, amazingly all sorts of pessimistic economic data starts rearing its head (with previous mainstream "experts" claiming to have known it all along) and the tapestry is complete.
* - provided the Fed doesn't go full retard and try to arrest the inevitable.
* - provided the Fed doesn't go full retard and try to arrest the inevitable.

