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This whole thing began earlier this week as well as news from OPEC that they had broken down. Firstly Ben Bernanke not committing to Q3, which has basically been holding up the stock market throughout this bull market by supporting the Govenment bond market. Now we are faced with a derating of US debt, a new Greece in the making, when you look at the state of Cali for example, which is effectively bankrupt. Next, the earnings figures are showing a degree of slowdown, while at the same time agriculture is rising dramatically, some of the figures I have seen are truly remarkable. Next OPEC news earlier this week, with the oil price spiking as it did, does that mean consumers are now going to be hit with even more squeeze from even higher oil. How much more can they take? Seems to me the whole system is IMPLODING at a rapid and ever increasing place because non of those sovereign debt issues have been resolved rather postponed at best. making the crisis in 2008 look like a childrens picnic.