Today’s bounce off the lows turns out to be among the most desperate and pathetic moves since the October high…absolutely terrible

get ready for hell!

today’s bounce off the lows turns out to be among the most desperate and pathetic moves since the October high…absolutely terrible… $SPX #ES_F

Charts coming

— mcm-ct.com (@mcm_ct) December 10, 2018

This was a bad day imo – bad for risk. This stuff imo actually will intensify the coming drop https://t.co/KYk0W7xXtf

— mcm-ct.com (@mcm_ct) December 10, 2018

For the first time in over 20 years, $SPX saw a Monday with a -1.89% midday draw down and a green finish.

Here's every other Monday since the index began in 1923 like that.

While the rest of the week(s) saw decent draw downs, 72% of the next-four-days were positive. pic.twitter.com/6SCXr4xpyz

— OddStats (@OddStats) December 10, 2018

Now even JP Morgan puts the odds of the U.S. economy entering a recession during the next 2 years at 70%. That would also put the odds of Trump winning a second term at 30%. I think the odds are closer to zero. If so, you can say goodbye to the tax cuts and hello to socialism.

— Peter Schiff (@PeterSchiff) December 10, 2018

Recession math: 3% growth is starting point. Then lop off 1% from negative wealth effect, 1% from Fed tightening lags, 1% from fiscal withdrawal and 0.5% from corporate deleveraging. Voila! Les jeux sont fait!

— David Rosenberg (@EconguyRosie) December 10, 2018