I know this market is boring as hell, but that what corrections are like - boring as hell. Well, this correction that we've been trapped in for the past three months is damn near complete so get ready for the downtrend to resume with a vengeance. I think when the market realizes that Ben is out of ammo and QE3 ain't happening we'll see a sell-off that will scare the shit out of the bulls.
And now for the charts...
NYSE COMPOSITE
FINANCIAL ETF
CITIGROUP
BANK OF AMERICA
GOLDMAN SACHS
JP MORGAN
MORGAN STANLEY
BLACKROCK
PNC FINANCIAL
DEUTSCHE BANK
CREDIT SUISSE
UBS AG
