Oil at $100 high. Reversal of the market by the closing bell today means only one thing, this market will be in trouble again. It will retest JAN low then fail & head lower near term. We are in the bear market. Short at every fake head up, if you can. JAN often is a good indicator of where the market will be heading for the rest of the year. JAN-2008 tells us all: Mr. Market will be heading South in 2008!
Fed is going have to cut its rate more; Companies have difficulty finance their debts out there; yield is raising too fast. All bad news; cockroach doesn't come out alone.