We were getting that precipitous feeling about the markets as Wall St fell 2% on Tuesday and Wednesday and another 2% to the low last night (Dow down 458 at worst) only to find the Dow had rallied 800 points by the close. A reprieve. Markets sliding silently into the weekend. Today we talk about the risk of a relapse and how it may not be that bad. About the US markets peaking short term. About there being a bubble in some sectors not all. How not every market top is the pre-cursor to a crash. How volatility is picking up. How we hope the trade war is a small issue for the market. How we're losing patience with banks and are looking to overweight iron ore.