The latest market selloff can be blamed on any number of things. China slowdown or a possible hard landing in China, basic profit taking after a six-year run, declining earnings, no further QE in the US, a uptick in rates in the US, weak US economy, commodity (including crude oil) collapse, weakening of 'risk' currencies due to the commodity selloff, disappearance of buybacks, dividends being lowered, strong US dollar pressuring balance sheets, bear markets in pc sales, rail fees,.........the list goes on and on. Bottom line: we need something solid to rally on and I fear any earnings pops will be given back. Netflix will be a good example tomorrow after the close. We simply cannot justify going higher without a catalyst.
The Wall Street Journal reminds us that this is not 2008 redux but just 'where' we bottom is open to speculation. So I'll just sit back with my hedges and wait it out. Here I'll note a few things I haven't seen plastered across the internet.
Although the mont