"December has never been the worst month of the year"
The top is in for this year, if not for every year...
Whether we use 2008 or 2011 as a reference point, when the % of stocks above the 200 day moving average stalled at this level, the top was in for the year...(in 2012, new highs were made)...
It all hinges on China-direct aka. Amazon: and its 1000-1 price earnings ratio aka. "no earnings" ratio...
Retail: Equal weight / cap weight:
Macy's versus Amazon: A tale of no economy...
"They were well stocked. For that year and every other year"