In this case, one picture is indeed worth a 1,000 words.
Nobody knows what will happen tomorrow, much less 30 days from now, but things aren’t looking good for global stocks in the infamous month of October.As Mark Twain observed, there is nothing special about October; the stock market can swoon, plummet or crater in any month: “October: This is one of the particularly dangerous months to invest in stocks. Other dangerous months are July, January, September, April, November, May, March, June, December, August and February.”
Maybe stocks will make the jump to hyperspace this month, but if the laws of financial gravity still apply, the market looks like the oh-so-heavy vehicle in this photo:
This may well be a case where a single photo says much more than a mere 1,000 words.
Charles Hugh Smith – Of Two Minds