Last week the CNBC crowd went on and on about short sellers and how they were ruining the market by spreading rumors. The SEC joined this "mad money" crowd by warning traders about spreading rumors. Prior weeks were focused on speculators and how they were driving up gasoline prices.
Quite a few people have been negative on this market for a few years, because they have figured out that it was coasting on easy credit. While some may initiate or spread rumors, that does not have much of an impact on the market. What does is sentiment, and current sentiment indicates that life is going to get much worse.
People should watch their cash carefully- no one else is doing the watching for them.
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