Oooohhh, it got really ugly last week: the Nasdaq dropped 9%, contributing to a 23% drop in November. The endless election, the slowing economy, and corporate earnings worries hammered the techs in particular. Several techs, including Gateway, warned of weakening sales. Jitters were particularly acute in PCs and semiconductors. Most economic indicators are indicating a definite slowdown, particularly in manufacturing. Auto sales are going down the tubes. Expectations are rising that the Fed will ease rates early in the year, and action in the bond market is reflecting that. The Dow and S&P 500 have both corrected, and the Nasdaq's in a roaring bear market. Mutual funds are sitting on mountains of cash and the first quarter of the year always sees inflows into the market for pension plan and IRA contributions. These factors may not turn the market around, but they sure will help (and so would having a President).