Stock Market Update - It Is Not Over!

The following is for information purposes only and IS NOT financial advice.

Things are picking up pace so I'm trying to keep you informed of the developments int he market without too many official market updates.

As of today, I am seeing the market move lower resume. The bond market continues to lead the charge. HYG, LQD, and TLT all moved lower again today with the latter two making NEW LOWS. The situation is looking worse by the day esp on long term charts.

Seeing more signs of market contagion as at least two firms are now effectively DONE with the recent move in the VIX earlier this week. I expect there will be more casualties as folks got complacent and trusted the VIX would not have a large move. Insanity at it's finest.

The situation is developing as the CBOE is hosting a call to try and calm the recent market chaos.

Believe me when I tell you THIS IS NOT OVER. Central banks are going to need to step up their stimulus even MOAR if they wish to prevent the market bubble that they've created from popping.

Based on the current political environment, I do not see that happening. The next big shake-out of what is left of the Middle Class is likely underway although we are in the early days.

I do not expect to see the market move straight down. There will be a few days of consolidation and even a bounce here and there like there was in 2008 but the volatility is picking up and it is expected to be to the downside.

This is not over.

Act Accordingly,

The Market Vigilante