There is a lot of money out there that wants to be invested. Oversold markets start with short-term rallies and we're certainly due for a short-term rally.

This market, while not being the raging bull, certainly has some merits for investing. If you (cross) out technology, you have a market with a great deal of underlying strength.

It's certainly related to the financial sector going down. There is increasing concern that there will be more earnings misses or pre-announcements coming out. A lot of this is (also) options-related.

You certainly want to see anything related to manufacturing start to turn up, but it's not giving any indication of solidification,