XLF- The Implications

As with SPX, XLF is headed to what we think is a MAJOR TOP

We will save the long diatribe but the implications of this are disturbing to say the least

What are the implications?

Increased layoffs
Increased unemployment
Increased Bankruptcies
Bank Insolvencies of various levels
Restrictive Credit in spite of rate cuts
Etc, Etc, Etc

Prepare yourself