Looking at a variety of results and watching the talking heads they are talking down the market... It usually reaches a bottom soon, but although we are seeing oversold signals, my charts are not lining up we are not oversold enough for a solid bottom but could be getting close... There are things that worry me...
1) Agriculture Prices have been continually falling
2) Steep decline in iron ore prices and Aluminum
Sales of big items are about were they were last year ( which was at a brisk pace ).. Since the market has dropped off I feel consumers will cut back, but unemployment is low, so I feel the US economy will still go up....