I am certainly not going to get in front of this.
But we are still in familiar territory.
Here are some markers to be able to see if things fall apart, or not.
A controlled decline would be harder to buy than a capitulation selloff, which would probably find its bottom near the prior lows as indicated on the second chart, IF a bottom was being made.
I own no stocks now, only bullion.
The market will have its eyes on Obama's Jobs speech, the continuing politics of excess in Washington, and the September FOMC meeting which is now scheduled for two days.
