Twelve Years of Market Gains -- GONE!

The S&P 500 could not hold above the 800-825 support levels on a weekly basis. See the following chart. (To enlarge, double-click inside it.) By penetrating the 800 price level definitely has the bears firmly in control of this market. I still expect a bear-market rally, which will give me an opportunity to purchase some double-inverse ETFs, such as SDS, DXD, and QID.


Yes, it is dire, especially for those investors who are still in equities. For us, we have been kept completely out of "harms way" since January 8, 2008.