Hey, did I nail it or what? The crash has started. From the Financial Times’ article — Wall St?Ã„Ã´s poor start could bode ill for year:
The poor performance – and absence of cash flows – has caught many off guard and raises the ominous question: is this the prologue to a bad year?
“This is a big surprise – you almost always get a rally at the beginning of the year as money comes in,” said Fred Hickey, who writes the Hi-Tech Strategist newsletter, which holds a bearish view of the market. “It’s following a pattern that we saw in Japan in 1990.”