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True, in past decades, a “5-10% decline in any given year is not outside of the norm”. But any 5-10% decline THIS year is sufficient spark to ignite a conflagration that quickly leads to market meltdown. Big money managers are on hair-trigger standby alert, while wave after wave of short-sellers get massacred by Fed “liquidity” injections. The situation is fragile, unsustainable, like an old rubber band stretched to imminent breaking point. Anybody “bullish” in this environment is a fool soon to be parted from his money, relying 100% on “Fed backup”. That works, until it doesn’t, then game over