Most commentators were attributing Monday’s selloff on Wall Street to growing concerns about an interest-rate hike in December, but this simply won’t wash. Such “concerns” have been more or less constant for the last two years, and it is therefore absurd to think that the Dow needed to fall a further 200 points on Monday to discount Yellen’s rate-hike blather from last week. So if Yellen’s five-day-old hectoring was not the cause of Monday’s weakness, then what was?  Answer: bearish cyclical forces that CNBC’s talking heads, Fox business news and their ilk know almost nothing about. My hunch is that the current weakness is about to exceed the logic of their feeble attempts to explain it. Which is to say, investors are about to confront far more serious problems than a token 25-basis-point increase in the Fed funds rate portends. If so, I’ll be updating my price targets frequently in the days ahead. Stay tuned to the chat room if you want to enjoy the fun — and perhaps profit from it. Click here for a free trial subscription that will give you a front-row seat.