quote from Denninger:
Back when this rally had just begun, I said that there was a decent chance it could retrace all the way to 1220. This wasn't some sort of wild "out my ass" guess, it was a simple 61.8% retracement of the dive in the S&P 500. A similar move would take the DOW to 11,170 - about where it is now.
I guess that goes with Rosenberg's nuance of bullishness back last April!
Does anybody really buy the songs the bears are singing?
I thought that if we didn't get a 300,000+ job print, the market would go to hell?
What happened to that snakeoil prediction?
It went along with all the others!