You would have thought they would want to buy up at a lower price this morning. After all any problems with the American consumer is made up by robust growth in Europe
Any problems with the European recession is made up with improve U.S. sales
Look over there China!
I think the concern between now and September is if they can keep the markets open, not what level they are. I think there is a real revolt brewing in the Fed. I think these people are finally coming to terms with just how incredibly stupid Bernanke is.
We still have small caps out performing the DJIA and S&P by a pretty wide margin. The *** will hit the fan when small caps underperform. This started yesterday. This is a sign of illiquidity. markets are driven by liquidity. Virtually nothing else.