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It is absolutely delicious to observe the empty-headed bulls go totally mute in the face of the market resuming its proper direction, which is down. The two-month IDIOT rally has one and only one benefit – – it has harmed the bulls. And that’s always a good thing, because they are black-hearted slime.

As for the bears, I offer you the charts below, simply to illustrate how the opportunistic IPOs of the past couple of years were a complete bonanza for the investment banks and a total train wreck for the naïve retail wanna-be’s. It’s pretty pathetic how Wall Street has raped Main Street yet again. Shield your eyes, Frank: