James "Rev Shark" DePorre
Recent Articles By The Author
We just don't have a positive trend right now.
Ironically, the high level of skepticism makes it more likely that a decent snapback may finally develop.
And that only makes matters worse.
People are afraid of losing more money so they are selling to escape the misery.
All the key levels have already fallen and they aren't going to help us much at this juncture.
Timing the market based on extreme sentiment is a very difficult task.
Perhaps, particularly if the Fed acknowledges on Wednesday that a slowing in the economy justifies a more dovish posture on interest rates.