I think it hits at the very least - 8 or 9000 from here, 860 on the SPX. This due to the continuing onslaught of poor economic data - at least the data we can uncover from the prevarications of the federal gubmint.
http://economicedge.blogspot.com/
http://www.marketoracle.co.uk/
http://www.shadowstats.com/
I heard a report today where the weak economy was being blamed on clearance shoppers. (LOL)
They tell us we didn’t save enough; now they want us to spend.
Money is debt, debt is money.
I’m so confused.