Dow death cross

A rare “death cross” appeared Tuesday in the chart of the Dow Jones Industrial Average, suggesting the stock market may have already begun a new long-term downtrend.

A death cross is said to have occurred when the 50-day simple moving average, which many use to track the short-term trend, crosses below the 200-day moving average, which is widely used to gauge the health of the longer-term trend. For the Dow industrials, it marked the first time the 50-day moving average, currently at 17,806.97, was below the 200-day moving average, at 17,813.42, since Dec. 30, 2011, according to FactSet.

Just start selling in a panic already.  Its getting boring watching the market squeak by at its all time highs.  Obviously the public has lost almost all its excitement to buy anything.  The equity market is like a balloon tied to a chair after a birthday party.  You know its going to be on the ground soon but 3 days later its still hovering above the chair.  Eventually the market and the balloon should lose enough helium to start sinking.