Looks like support at 10250ish, I think it is setting in that even if coming earnings are good, companies have slashed cost and cut jobs about as much as they can. Top line needs to grow.
I would not rule out the housing problem to come bite us again. There are alot of people sitting in homes they are behind in payments. You start actually forclosing on them and make them either buy a new house, or rent, that money gets sucked out of purchasing power. The overall economy is horrible.
Honestly, I was very disappointed with IWEB's 10k, so I am about to sneak out the back door and come back 3rd Q to see if anything comes of these new deals.
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