Equity markets have to go lower. Wrote about it in more detail at www.thecreatingwealthblog.com I am afraid we may see a crash.
Anytime someone says a market HAS to do anything, I immediately think they are either a rookie, or an idiot. Equity markets, or any other markets for that matter, don't HAVE to go to any specific level. We are in a dynamic world. Things change all the time. I do agree that they are going further south, but they don't have to.