Look for the market to open down this morning.

[Pab Sungenis]

Futures are off. FTSE was down, maybe a little short-term profit taking?

With the decline in jobless numbers, is there any logical reason the market should be down?

[Skink]

1. Last year when they banned short selling financials the market stabalized.

why did they lift that? We've seen bank stocks greatly erode in value this year.

[AlinPA]

2. GM is close to bankruptcy, auditors gave a dire report today.

http://finance.yahoo.com/news/Stocks-set-to-drop-on-China-apf-14552340.html

[CJCRANE]

3. The Chinese President

did not unveil a stimulus package today as expected...

could be the reason.

[MercutioATC]

4. "Any reason"??? Take your pick...

The housing slump continues unabated.

The commercial real estate bubble-burst is just starting to show its effects.

The consumer credit crash is just around the corner.

There's serious doubt about the effectiveness of the stimulus bill.

We're setting ourselves up for serious inflation in a year or so.

Consumer confidence is WAY down.

Retailers showed another decline in February.

There's still no real plan for how to deal with the banking system.


And, as bad as things are here, most of the world is worse off than we are.

There is ZERO good news and a lot of bad stuff on the horizon. Why would it be odd for the market to still be headed downward?

[ixion]

5. The market still does not reflect real value, and so any bump

is nothing more than a dead cat bounce.

We're a thousand points or better from the bottom yet. The quicker we get there, the quicker we can begin to rebuild.