Making Hamburgers

The permabulls have been taken out.  This market is grinding down the dip buying bulls. Ground beef.   In the past, it was a swift execution.  Scary, but minimal pain.  We haven't seen anything like this.  This is Chinese Water Torture.  More pain to come until the Fed plants a seed in the media that it is doing QE3.  And it better be a big one.  I'm sure Banana Ben will beat expectations by a few billion, and hit the "whisper number", not to disappoint Wall Street. 

G7 today, ECB tomorrow, Fed on Thursday.  We probably bottom on Friday.