The ugly truth can sometimes yield beautiful profits, says Irwin Greenstein, writing for Contrarian Profits. But the truth exposed by the US government’s recent round of Wall Street bailouts is that the US actually lost the Cold War in terms of its free-market philosophy. Investors should adjust their portfolios accordingly…

Richard does a great job of laying out what the market could do based on the bounce seen today. What will happen if the market closes down again today below 1150?

In light of the recent decline in stock prices, the SEC has responded by putting a 'ban' on naked short-selling stocks. The idea behind this ban is that speculative investors are driving stock prices down by continually shorting, and this is causing major panic in the markets, which in turn causes more conservative investors to flee also.

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Mondays Market Trend

The dow closed down 504.48 points or 4.42% to 10917.51

The market is trending down within a Bearish Trend.

If it breaks the low of july 15th of 10827.71... things could still be ok. But if it breaks below my trend line at 10500, LOOK OUT..... big problems.....