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Or else well have more days like today. Where the averages got scalded. Dow plunging 131 points. Nasdaq declining. Thats precisely what happened this session. The market said with this particular pummeling that the consumer is on the ropes. Not enough good things happening away from the consumer. To keep the averages at thats admittedly lofty levels. How do we know this . Simple. Because of a slogan. A slogan many of us are familiar with. Macys has everything. And today for first time in four years macys reported sales and earnings that were disappointing. And the companys too good, too well r...

Have more days like today. Where the averages got scalded. Dow plunging 131 points. Nasdaq declining. 41 . Thats precisely what happened this session. The market said with this particular pummeling that the consumer is on the ropes. Dont have enough good things happening away from the consumer to keep the averages at these admittedly lofty levels. How do we know this . Simple. Because of a slogan. A slogan many of us are familiar with. Macys has everything. And today for first time in four years macys reported sales and earnings that were disappointing. And the companys too good, too well run ...

years when we came out in the first quarter with a full head of steam every year, that's right, every year we finished up by the end. so what was with all the gloom today? did you see it like i did? i mean, what was that? >> the house of pain. >> s&p backsliding .54%. nasdaq down -- i'm sorry, .45%. nasdaq nose diving .87%. that was a downer. dow fell only six points but that was aided by a last-second gain in united health on news of a positive change in medicare reimbursement rules. most of the day, though, it felt like a hangover that no one wanted to get over. from around the fir...

short sellers feared europe may do something right over night and feared losing all the juicy profits gain in the last eight weeks. remember, they like to take profits, too. people are always looking for analogs, analogies, patterns, touchstones that help us figure out where we can go, how low, how bad. look, it's the right thing to do. we only have our history. if we ignore it we're obviously doomed the repeat it. before i lay out how bad things could get which is the so-called worst case scenario, everything i'm about to tell you can be averted, averted by concrete signs that the e...

short sellers feared europe may do something right over night and feared losing all the juicy profits gain in the last eight weeks. remember, they like to take profits, too. people are always looking for analogs, analogies, patterns, touchstones that help us figure out where we can go, how low, how bad. look, it's the right thing to do. we only have our history. if we ignore it we're obviously doomed the repeat it. before i lay out how bad things could get which is the so-called worst case scenario, everything i'm about to tell you can be averted, averted by concrete signs that the e...