lol panic covering into the close a lot of noobs went short in the first hour of trading we may close green. I'll also add: Retail sales decline excluding gas was much less than 2.7%. Gas doesn't count and holliday sales were only down 8/10 % YOY. Also, the estimates were of a 3% decline by some firms. This is all priced into stocks. Bad news isn't so bad when you put it in perspective.