It's too soon to assume the worst yet. On the other hand, it's not too soon to prepare for the worst even as we hope for the best.
Last week, stocks lost ground for the second time in three weeks. More than that, the major indices are now putting a great deal of pressure on some critical support levels. Worse still, we're seeing clear signs of waning bullish momentum. That's not to say that bearish momentum has developed yet. It is to say, however, this is how bearish[...]