Mary Ann Bartels is making sense

Mary Ann Bartels, a technical analyst at Bank of America, was on Bloomberg earlier today talking about the near-term prospects for U.S. equity markets. The news wasn't good.

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An intermediate top in Chinese stocks, rising bearish sentiment among newsletter writers, a peak in investor buying in the U.S., and higher selling pressure all point to the increased probability for a 15 to 20 percent "correction".