MW: June 29, 2015
This just in: "We're not Greece, we pay our bills. With freshly printed money."
...Because there has to be an economy, in the first place...
Interest rates normally should have peaked by now. The Fed has no dry powder...
Stocks versus The-Illusion-Formerly-Known-As-the-Economy.
EWI (aka. Prechter & Company):
The Ending Diagonal: A Pattern that sends shivers down investors' spines...
"A rising ending diagonal is usually followed by a sharp decline retracing at least back to the level where it began and typically much further."
(Overnight) Risk is binary
"What me worry?"
NYSE TRIN: Selling pressure. 5 indicates panic.