Stockspeare remembers this play from the 2000 Tech-Bubble Burst. It is playing out in crystal clear fashion. Does history repeat itself? The market is showing signs of cracking. There has been a vicious rotation going on for the past couple weeks. A vast amount of liquidity is drying up in the speculative Nasdaq and Small Cap names. The Bulls are hiding out in The Dow and S&P500. The Punch Bowl is almost empty. The Smart ones have left or trying to get out.... only The Pigs are left-and we all know what happens to pigs. There is a high probability of severe carnage (already has begun in some) in the Russell 2000, Internet Index, Biotech Index, The Nasdaq, and eventually this might hit The Dow and The S&P500. The Bull heard is on the move...they are nervous....The Bears are about to have a feast. Bearish positions are already being established......This is not a drill.
We are Short. We are confident. More Bears are coming and they have not been successful in years. The Bulls are fat from profits and it is affecting their vision. The bell has not been rung; however, the keeper grabbed his hammer. Expect The Three B's ( Bull-Traps, Bullshit, and Blood)
Hmmmmm...Sounds grim....The bet is on, let's see if this story plays out or is just fiction.
