Okay, we’ve talked about all the gloom and doom. So, now what?
How will you ride out this thing? When might we see a glimmer of the end?
It’s going to take returning strength in fundamentals. It’s going to take confidence in our political stewardship. A strong consumer holiday season would be great also.
In the words of a classic holiday song, that’s what we want for Christmas.
Going strictly by technical analysis of lines on charts, the message is grim. Tuesday’s session saw the obliteration of a level that had held for 10 months, the intraday low on the S&P 500. Below that, barriers thin out. The S&P 500 moved quickly from one round-number milestone, 2,500, to another, 2,450, in just a few hours on Thursday.