The Bottom Line - Ryan Puplava CMT

Good market action overview (mostly, but not all technical) -- ``The bottom line is that the economy has been weakening since April. The market took a 19% nose dive in August from the May high of 1370 down to 1101 on August 9th for the S&P 500. So how much of the future weakness in the economy or a Greek default has already been discounted in the markets? The bottom line is that nobody knows. The news doesn't make the markets. The markets make the news. Put another way, the market's reaction to the news is what clarifies how important it is. So what's most important--and the bottom line is--is whether the August technical levels hold.''