Buzz, A couple of weeks ago, I predicted that we might see a 1500 point down day. Well, that may not happen, but with the Dow down 360+ points today and last Thursday, it might take 5 days like that to see 1500 points down. We may be headed down to test the previous lows of 12,845 on the Dow and 4672 on the transports. If those are violated, we will be in a BEAR market according to the Dow Theory. The effect of the housing/mortgage fiasco on the economy may not be apparent until the lousy Christmas sales are announced. Because most people have already taken out all of their home equity and the fact that their utility bills and their gasoline bill each month will eat up all their spare money, they won't have any money to spend on Christmas.