This is shaping up to be one of the more interesting weekends, as the question of how far this all goes has to be uppermost in everyone's thoughts. My own opinion is that this has a lot more downside and that 12,600 on the DJIA is the next stop. As with all trends-things won't move in a straight line, but the overall trend is down and looks likely to stay that way for the immediate future. If you are of the belief that the two main drivers of the long bull market were global growth and global liquidity, you have to believe that one of the legs has been kicked out. The asset-backed global liquidity market is no longer ... (full story)