Put your hand in a parting wave

Frank Barbera discusses the implications of Elliott Wave Theory for the current stock market and concludes, like Karl Denninger, that there's at least as much bad news ahead as we've had already.

Stockmarket crash on the way?

Clearly, The Contrarian Investor (2 Dec) thinks it's a possibility. So does Frank Barbera, who looks at the jaded market response to interest rate cuts and says:

All investors take heed, you are staring at a market that is NOT responding well to “Good News.” Markets that cannot rally on Good News tend to accelerate downward on any type of bad news, and that is the kind of market which appears to be taking shape.