Sam Collins: A reversal is not in the cards.

Sam is looking for ~30% downside from the top.  I have to give him credit for not just saying "buy the dip".  But 30% shouldn't even be close to the losses we should expect from the collapse of the expanding wedge that has been going on in the DJIA and S+P500 for so many years now.  All of these debt-financed gains must be retraced before there is any safety again in the markets.