The new week began where last week left off and now, with markets in turmoil across the board, it's finally time to update our "Crash Watch" to a full on Crash Warning.
Why the change and sudden increase of concern? Look around. Do you really have to ask? And while many markets are decidedly oversold and ripe for a sharp, counter-trend bounce, the obstinance of your Monetary Masters makes any lasting change of policy seem far off in the distance.
So we are now on Crash Warning. We discuss all of this today and then review the images below....
