A managed market that can not go up...will usually distribute.
My hunch is that in times of over-bought conditions like now, we will see a series of small daily moves as the market masters unload "inventory" to weaker hands...and start shorting stock for the eventual downturn.
And there is a lot of over priced stock to unload, from the "election" moonshot rally in the last half of 06, so this could take a while...
Gold and oil should stabilze from the recent market master induced selling frenzy that was intented to tell all retail investors that buying gold is a "no-no" for the little guy... So don't even think about going away from managed "paper assets."
The Saudis are already cutting their oil production...so a period of gentle drift should ensue...
