Looks like all the spin was spun during the first part of the year...
There is really very little to say...expect "the jig is up " on Wall Street.
Even a "brokerage upgrade" couldn't turn the mood today...! And that's really hitting the bottom...
Still, as gold proved, there is nothing like are really deep, sharp sell off to improve sentiment... This market has been on a six month buying binge...and its time to sober up. The suckers are all in...at the higher prices...now it's time to drift for the rest of the summer.
And hope that no one does anything stupid...like talk about what's really going on...!
And it's time to let the real macro-economic stuff sort itself out, especially the FED rate hike policy...this is best handled in a spin free environment.
A sobering plunge would be very useful a this point.
