Markets headed straight down the tubes today and closed at new multiyear lows. Clearly this is not close to ending, the sellers have more to go. Next up is the 7400 level on the Dow and 780 on SPX, but there may be more downside. This is a vicious bear market and won’t end anytime soon. Take advantage of the rallies and short them when you can. While we may not have a depression, it’s certainly something close. A true 90% down day as breadth was miserable, the VIX was up sharply as well. Same ol’ tune.
A great day for Bagger and friends, booking 6-6 winners! More to come….
Hit em straight!
Bagger
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_6.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_6.gif)
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