If we're Japan, any recovery in the economy and market will likely be temporary. In the case of the market, any recovery will also be followed by a plunge to lower lows. For another decade, at best. So be afraid, very afraid.
After all that has happened with the financial crisis and the role that short-sellers played in dragging big companies down into the muck, you'd hope the U.S. Senate wouldn't play this role. But it is going on today.
Wall Street is our secular religion. As with more traditional beliefs, faith trumps reason. That explains our willful blindness to the obvious scam, the fantastic story told to us by billionaire bankers.
Is the current pullback just a "correction" and a "buying opportunity"? Or, as in the spring of 1930, is it the start of the REAL market crash? You be the judge. Meanwhile, here's what things looked like in the spring of 1930.