The 29th is the wrap up of the EU and the Fed Foriegn holdings reporting day. This is going to make for shares at a bargin. After that if we don't see a bunch of high level indictments the markets will respond normally to the EU news. Where the bottom is is hard to say. Should the EU have even a little positive news the markets will rally fast. (Now, for those who claim I'm the weatherman...) This is our collective halucination for better or worse we can't divorce ourselves from this reality all though some try very hard. I do have an opinion on what the markets will do but I'll reserve that because it's going to go down then up a bit then down more and finally a rally. The points spreads won't look pretty for a few days. The following day things will improve. There's a good article on the EU (today) finally accepting that the measures are too harsh for Greece and will damage it's recovery and that it has to be eased even if more lending is required. Germany recognizes it and will grudgingly go along. (Last part is my prediction.) On this basis I predict a recovery when the smoke clears.