Now Might Be A Really Good Time For The Market To Tank

sky diver

Photo: skyreport via Flickr

The resilience of this market is still astounding, but if the market is going to tank — as market timer Tom Demark predicts — it might be a good time.For one thing, stocks are remarkably muted on the back of Apple. After a blistering number, the stock isn’t getting much of a boost, and the NASDAQ is losing big.

Other “bubble names” are also fading today.

MolyCorp continues to tank ahead of the lockup expiry tomorrow.

The big chinese IPOs — Dang Dang and Yoku — are also having rough days again.

Netflix is fading.

Financials, which had been leading the way this year are down as well. Goldman is off nearly 3%.

Obviously the gravity is here, and the market is ready to slide.

If the market doesn’t dive, it will only reinforce this.

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