The Bear Traps Report: Flashing Recession Fears in Industrials

The fact that we've rallied 100% off the lows is interesting, but in a broad scheme of things, we have seen bounces of this magnitude before. So you can make an argument that we are just in a continuation of a pretty significant downtrend that's been in place for quite some time. And again, we talked about some of the resources. Well, I don't know if we did talk about it right now, but some of these resource names are getting absolutely killed today. Energy stocks are given a bunch of yesterday's gains back. Some industrials like cat and the way it acts today, Larry McDonald of the Bear Traps report had to tweet out earlier just saying that some