Nightmare on WALL Street

For more than two years now I have been living this recurring nightmare. *The market grinds down slowly as the market participants start worrying about some European nations ability to pay off its creditors. Notice it does not fall sharply because already there are rumors that some bailout will be stitched in place. As the weeks draw out, the market continues to fall but slowly. Then a meeting is scheduled. Always and always on a weekend. By end of that Sunday a bailout is announced. The market reacts joyfully on Monday, killing all the shorts. After that has happened, suddenly, almost on cue, the market again starts worrying that the bailout will not be sufficient to prevent a default in the future*

Repeat from sentence number two of this note i.e. from the beginning of the * to the end of the * and then put it on a seemingly infinite loop. If this is not a nightmare then what else is? Can you imagine a more nightmarish zombie movie than what we are actually witnessing in real life in the markets? An infinite repetition of the same thing over and over again?

Even in the worst of nightmares, my body has a defense mechanism, a KICK as they said in the movie INCEPTION, that pulls it out of the nightmare just before the nightmare reaches dangerous proportions. Question is what is the KICK that can get the market out of its nightmare? Certainly not another BIG BEN led QE.                                                                        

BTW, I remain long and will cut my long and go short only when 4921 is broken.