Yeah, it doesn't look done yet. I don't know why, but it always seems we need a massive capitulation to end a downturn. Today was super-ugly. Practically everything in the resource space broke down. Worse still, it wasn't a panic-type day which often marks the end. The way this is going, that could come in a day or 2. Get those stink bids ready....

US markets, despite clearly being in correction mode, had a decent bounce back today, Canadian markets barely got off the mat. US markets probably have a little more downside, which doesn't bode well for Canadian markets. Canadian markets need Uncle Ben much more than US markets do.