Stocks Close Down For 6th Consecutive Day: Longest Red Streak Since February 2009, Just Before QE1
The last time we had 6 consecutive down days was February 13-23, 2009. Which is before March 2009. Which is when the S&P hit 666. Which is when the Fed started Q1. As for the last time we had 5 down days in a row was in August of 2010, just when the Hindenburg Omen was spotted and threatened to undo the entire Centrally Planned house of cards... Which is when the Fed started QE2. Pattern emerging?
The Fed is saying no QE3. Ok. See the chart below...
... this is what it will happen (especially now that Wall Street is fuming the whole debit card interchange fee did not pass as it demanded).
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