They say a picture is worth a thousand words
Is this the Fed, the government, corporate America, the over-leveraged consumer, financial markets in general, market participants, or all together perhaps? Who is riding this bear, and where is it ultimately headed?
Let us examine several crucial factors for guidance
S&P 500/SPX (SP500) futures
Source: Think or Swim, Ameritrade
Looks like a relatively orderly decline downwards, for now. SPX bounced off its roughly 8% correction low. So, we may be looking at a normal, mild, 8% or so double bottom correction, or we