The following is a break from my usual weekly review/preview pieces Ok, we know things are getting worse before they get better. You’ve heard it before. There’s the global slowdown, the EU crisis threatening to become a global one, etc. So the big question on everyone’s mind is, how bad can it get? How low will it go? Conceivably a lot lower than most believe, even if we just look at a few very basic bits of technical and fundamental evidence. There are long term technical and fundamental indicators that the current downturn is part of a much longer term move lower. The following is far from a conclusive, thesis. ... (full story)