Today could be the beginning of the next leg down. The news reports say Greece could be in a prolonged recession/depression reducing its debt. If the US, UK and other EU countries are in the same boat wouldn't that mean this fall has some way to go and company earnings expectations will need to be revised down. Reading the papers China may be due for a slow down as well. Can India and Brazil etc keep the world moving?
For the future will we have inflation or deflation. High interest rates or low interest rates.
Phaedrus the momentum oscillator in your graph above. I am guessing it says sell. Can you tell me when it says buy again. I need someone to ring a bell at the bottom so i can buy companies again.