DJIA finishes the day down 116 to 17,057
Nice to see, I hope we can sustain this type of downward momentum, but I fear it may be coming a bit too early. Timing is everything. This could be just a small blip, which would serve to change market sentiment for the better at a later time, when the big crunch should otherwise hit.
Still nice to see, every day down is a good day. 2 days in a row doesn't mean anything by itself, but it looks like all sectors are down, all indexes are down, and global markets are down, which is a nice unified effect.
DJIA still up about 3% on the year at this level--yes agip, not including dividends. So far my prediction of this year's DJIA performance has been exactly correct, including timing. I have moved the big slide date out from Q4 2014 to maybe now Q1 2015, but I still think it will come in one of the two quarters.
Here's a problem: there is so much cash sitting on the sidelines (including mine), and nobody has found a way to get it off the sidelines, yet many positive incentives have been tried; I fear that the world will have to resort to strong negative incentives to get it into better circulation, namely devaluation of the US dollar. Difficult to achieve, I know, as there are very strong counterforces to be considered. For now I'm not too worried, but I'm sure the possibility has been discussed.