Yes. We may be seeing the beginnings of a slide. Have a look at the Dow future.
http://www.bloomberg.com/quote/DM1:IND
The BDI is all you need to know. Things are not good.
Didn’t you just post another thread about the stock market bubble? Seems to have disappeared.
This is why China devalued the Yuan against the dollar. It isn’t because they are declaring a currency war against us, it was because the dollar is rising against almost all currencies, especially the Euro. Since the Yuan is pegged to the dollar, this means that the Yuan is rising against the Euro too, which isn’t good for China since the EU is their largest trading partner. Chinese goods are getting expensive in Europe.