I think the market is due for a significant turn despite all the bad news. The market is a discounting mechanism. The amount of shorters jumping up and down about how much money they are making is reminding me of the tech bubble. Also, a friend at Fidelity told me on Thurs and Friday, people were calling in saying "I want to sell everything and go to cash". Not even the FAST MONEY crowd is saying the market will go up now. When nobody thinks the market can go up and everyone is convinced it is going much lower, that is the time to buy. I think we are overdue for a big rally. It could be the big interest rate cut that triggers it.