Summary
- Having come so close to upgrading the market to "Bull Market" from "Bear Market Bottom", recent volatility has at best pushed such an upgrade further into the future; at worst, it has put us on alert for a potential return to "Bear Market"
- With the S&P still holding above 3800 despite the failure of several large banks here and abroad, we are more inclined to anticipate the former scenario, but enough internal damage has been done to encourage us to not completely ignore the prospect of the latter.
- Utilizing. . .
