Stock Market Flash Crash Alert: 10Y Spiking Again!!! 2,861% Gross: “No More QEs? No More Bull Markets”… Junk Bond Bubble” About To Break!
August 21st, 2013
Stock Market Flash Crash Alert
SPX has officially crossed its 50-day moving average. Usually Flash Crashes occur after the 50-day is retested from beneath and turns down. A minimal Flash Crash would likely take SPX down to the lower trendline of the weekly Ending Diagonal. From there, SPX may bounce back to mid-Cycle support/resistance at 1567.80. This could be a busy week.
2.85% and raising
Gross: “No More QEs? No More Bull Markets”
Remember these two charts (from here and here) lamenting the death of marginal utility of debt on the economy?