We've seen this before

After all these big moves we've had in equities, did anybody realize that we really haven't gone anywhere?!

First take a look at the post I wrote back in the middle of May and notice the chart. Now take a look at the chart below...looks awfully similar, doesn't it:

One other thing...I don't really see any news coming up that could move the markets any more then the news we've had in the past couple of weeks. So that, in conjunction with the same charts three weeks apart, would suggest to me one direction...down.

As much as equities have had this big run up, the Dollar has had a big run down.