It’s a real pleasure to be heading into a week devoid of FOMC nonsense. Yes, I know the Fed talking heads will be yacking away on the speaking circuit, but what could they say to hurt us? “Yep, it’s still zero percent. Zero. Nada. Zip. You betcha. Any questions?” What a bunch of useless, feckless baboons.
So I’m simply looking for how low we could head. The indexes offer a mixed bag of answers, so there’s no clarity at this time. The Dow, I believe, is headed back to its 8/24 crash low, and it might not might it quite that far. I think a very close double-bottom is in the offing.