The world is looking for lower interest rates. Clearly, the psychology world-wide remains highly nervous.
I think there's some concern with the fact that GE is a tough ship to turn around overnight, and that GE's overall picture still remains attractive, but not overly so,
The market remains highly selective. People have to pick their spots,
The public is in a semi-shocked state and cash remains on the sidelines on Wall Street despite everything being on sale, ... The main downside pressure seems to be continued earnings disappointments in the tech sector and we had downgrades today that were troublesome.
We are clearly in a consolidation, whether we are in a correction or not remains to be seen,