scorecardWALTER ZIMMERMAN: The Stock Market Roller Coaster Has Been Released From The Fed's Lift Chain
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WALTER ZIMMERMAN: The Stock Market Roller Coaster Has Been Released From The Fed's Lift Chain

This widespread reaction tells me that everyone is long and un-hedged.

WALTER ZIMMERMAN: The Stock Market Roller Coaster Has Been Released From The Fed's Lift Chain

Small and mid-cap stocks have further to fall.

Small and mid-cap stocks have further to fall.

You know it is a global debacle when both the Russell 2000 and the DAX break down at the same time from virtually identical and massive peaking patterns

You know it is a global debacle when both the Russell 2000 and the DAX break down at the same time from virtually identical and massive peaking patterns

Hope and complacency have been at extreme levels.

Hope and complacency have been at extreme levels.

The Volatility Index, or VIX, has been a mirror image of the S&P for months.

The Volatility Index, or VIX, has been a mirror image of the S&P for months.

It's even a mirror image on an hour-to-hour basis.

It

Stock market peaks and bottoms come with certain characteristics.

Stock market peaks and bottoms come with certain characteristics.

The current stock market cycle is like a roller coaster.

The current stock market cycle is like a roller coaster.

The Federal Reserve has acted as the roller coaster's lift chain.

The Federal Reserve has acted as the roller coaster

That roller coaster peaked with a wedge pattern seen in stock markets all over the world.

That roller coaster peaked with a wedge pattern seen in stock markets all over the world.

The market is now off of that lift chain. We might see some rallies, but gravity will keep pulling stocks down.

The market is now off of that lift chain. We might see some rallies, but gravity will keep pulling stocks down.

These roller coaster patterns aren't without precedent.

These roller coaster patterns aren

Morgan Stanley thinks there are ways to invest in a slowing economy...

Morgan Stanley thinks there are ways to invest in a slowing economy...

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