Mondays market is hard to face,
Tuesdays market is full of disgrace,
Wednesdays market is full of woe,
Thursdays market has no gains to show,
Fridays market is tanking not giving,
Saturdays market steals much of your living,
And the market that is open on the Sabbath day
Is volatile and wild, and full of dismay.
Everything seems to be about markets. This is not because markets are either news or of immediate importance but rather because it is easy to report. The fourth estate is lazy and ill equipped to discern what is important never mind present events appropriately. Will we settle "down" as futures indicate around 8200 or will we "recover" to circa 8800? Doesn't much matter, either one is a temporary stop over. At this point the cheerleaders want a definitive bottom so they can "back up the truck." Of course by that they mean sell you stocks that somebody (they) have for sale. S'okay for them, they get a commission in both directions making their positions naturally advantaged. That's the same reason the best housing deals go to realitters. There won't be a bottom until everyone knows you don't want to own real estate... errr... I mean stocks. I mean both. And the longer this plays out the longer it will persist (another reason they push to definitive bottom meme). There's a wave of imminent retirees from the Boomer Generation and at 7000 instead of 14,000 they'll be selling twice as much to pay for their lifestyle.