Can't Compare This Decline With May

I really thought the market would rally for two, maybe three days, and then come down again -- but that was not to be. I do have some short-term good news for you, but I want to point out that my view has not changed: The indices can rally in the near term, but as long as it is not oversold in the intermediate term, I think rallies will fail and come back down again.

First let's go over that good news: Even though U.S. Treasury bonds sold off, the number of stocks making new lows did not expand -- the number chimed in just under 200 on the NYSE, which compares to 479 on Monday. That's a big contraction, especially since the S&P 500 made a lower low....617 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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