Tracking the DOW PLUNGE!!!

[mamboni]

Black Monday after the weekend?

My gut feeling is the PPT will start quietly buying tomorrow AM (Friday) and keep the markets stable all day. I'll bet the major indexes finish Friday with little change. However, I think stocks are entering a bear market and will grind down slowly into Jan 2019. I say this because of the FED is committed to QT at 600B per annum and rising interest rates. The economy is stalling and there are lots of bankruptcies and store closings. I think the trade war will dampen any major foreign (Chinese) investment. So I don't see where more liquidity will come from to levitate these massively overvalued equity markets. Corporate debt levels are at nosebleed levels and all short term paper so rising interest rates will eviscerate earnings. The boomer 401k money stream, which heretofore was the major driver of the FAANGS spectacular gains via ETFs, is petering out due to aging demographics coupled with retirements and the continued loss of high paying jobs with private pensions. The millenials are not buying stocks - they're either saddled with obscene student debts, unemployed or working in low paying jobs. I don't see how the FED can fight this negative tide save for another round of QE - which would tank the dollar and light a match under the metals.