Slipping Behind the Greek Mask
As we look at the array of technical market indicators that we track on a lot of markets, it is kind surreal. Things are triggering behind the scenes but the market seems to see it as part of the Greek Tragedy that will be rescued by Central Bankers in the end. When does the panic start, probably sooner rather than later.
And keep in mind that when the decline comes it will be like no decline seen before. Investors know that the FED or Central Bankers will stop any declines. This seesaw pattern, downs followed by ups, will continue until the negatives build to the point that no one can stop it.