This is getting stupid again
Money is leaving the stock market...3 billion net out of mutual funds last month did I read? Of course, one wants to being buying when the prices relative to fundamental value are rediculous, and continue buying when an uptrend is established. Right now we don't seem to be in either stage...The disinflation, risk off trade is ON.
Oh well, perhaps the FIB numbers identified on the chart below offer a clue to where this decline might have reached into the "rediculous" stage...
http://stockcharts.com/h-sc/ui?s=AG&p=D&yr=1&mn=2&dy=0&id=p58928673233&a=234280296