Equities correcting for 6-8 weeks.

In equity markets, the weakness from the highs of 2009 suggests that the high, for the next few months, is in. Of course, it is too early to plot the course of the consolidation to the falls of October/November 2008, but I expect that consolidation to last 6-8 weeks. It might take shape of a "flat", in which case we will see a sharp rally into April, or it might be a contracting triangle, in which case it will be almost untradeable for those 6-8 weeks.

Equities, for now, are on a backseat. I expect commodities and bonds to be the areas with most movement.