These charts are incredibly bearish, and were it not for the bailout being cooked up by the Federals we would be looking to get short and stay short until we burn a thousand points to the downside at least.
However, that is not the case. It does look like the government 'will do something' and this may have a powerful short term impact on the markets.
We want to be ready and capable of taking advantage of a volatile situation.
“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
