Not likely one would say today.  But, hear me out.  This session the corporate financial targets that got hit, all missed their revenue.  That means people did not spend as was planned, but some fat on the corporate skeleton could be cut to compensate.  That fat is not there for the next report…

The economy has taken a shock from $85 billion sequestered despite only $10 billion having been applied already.  The $75 billion cuts are coming.

Even though the US market is the only safe place to put ones money today, the rest of the world is as unsafe as ever.  Since there is no where else to go with one’s money if he US market dives,… panic will begin very quickly….

The possibility is rather good for a 30-50% correction in the US Stock market.  I would still stay out and remain in Treasuries if I were you….