Yesterday's overall market may prove a major turning point of some sort. In New York we saw the lowest volume trading day in decades. Otherwise it is only a small handful of tech stocks that are adding any support at all to US markets, so things are really much worse than they appear. Check the bar greaphs at the bottom of these links.

http://finance.yahoo.com/echarts?s=^DJI+Interactive#{%22range%22:%22max%22,%22allowChartStacking%22:true}

http://finance.yahoo.com/echarts?s=^GSPC+Interactive#{%22range%22:%22max%22,%22allowChartStacking%22:true}

I'll leave it to others to speculate as to what this means going foward, but I still insist that the way out is to push banks into being more willing to lend money, as opposed to just sitting on it as they have been for the last eight years, or so.

VP