10 signs that a bear is stalking the market- MSN Money
This is an excellent article by Jim Cramer about bear signs. It is possible that we will get an oversold bounce on Monday, though. $NYMO, the McClellan Oscillator is at -48, and a rally will certainly take place soon especially if it goes all the way to -80. However, the stock market will continue to ratchet down for the near future. You will have to take profits on short-lived rallies.
Jim thinks earnings will be terrible, and the stock market bull is out of gas for going higher. Also, China and Japan are not doing well. This situation will pull down the whole global economy including us. Our economy is actually doing pretty good right now, but the fact that "good news" is being dismissed means there is a lot of fear in the market, and that is why stocks will keep going down.
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