the* top in stocks. Of course, they’ve predicted about 500 of the last 0 tops, so their track record is garbage. One day they’ll be correct obviously but I wonder who’ll be paying attention by then. Here’s my point: today was *
very different.* I don’t know if it’s the end, the beginning of the end, or nothing. The only thing I can say is that *
something
* is happening under the hood of US stocks and it has nothing to do with a headline here or there.There are massive capital flows at work with no news to drive them. What is going on?
Technicians may be closer to the answer than anyone else, interestingly.
Like I said I have no answer to the big question of the day. I just want to make sure you are all aware that a significant change occurred.
See youtomorrow
,-Mike
