No Wiggle Room

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Well, folks, this is pretty much it. If equities are going to fall, it needs to happen really soon, because after the trendline failure, it makes perfect sense that there would be a retracement back to the underside of the broken line. That is a virtually necessary test of the failure. But if we keep dicking around and climbing higher day after day, forget it. Reality will have been vanquished by the Fed’s trillions.