Not cloudy - just dark. No evidence that a major low is imminent. No signs of a panic, just a painful orderly grind down. Even though it shouldn't be necessary, Mr. Market always seems to want to make a panic-type bottom. Of course, we are once again oversold enough to get a relief rally for a day or 2.

That said, very high probability that the year's low will be made later this month with a strong snap back rally to follow.