Canadian TSX: textbook downtrend playing now

Two steps up, 5 steps down repeat until the market has discounted stock prices to reflect real economic demand. QE’s 1, 2, 3, 4, 5, 6… Have not and will not work. This is a CONSUMER led slowdown, it has nothing to do with liquidity issues… It’s household solvency issues and it seems the market is now starting to understand that.

CNN, CNBC, BNN and BERNANKE CANNOT FORCE PEOPLE TO CONSUME.

PIIGS are merely a side-show to what is really happening.

The stock market is signaling the global economy is weakening, whether the “long-always” crowd agree or not.

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