On June 29, 2010 the Dow fell 268 points, or 2.65% to close below 10000.  The so-called "experts" believe the Dow is suffering due to declining U.S. consumer confidence, concerns of about the Chinese economy and continuing debt woes in Europe.  Slow job creation, a new downturn for the housing market and constant chatter about a double-dip recession have begun to weigh on investors.  The fact that a large portion of Market trading is done by speculators looking to get in and out of the market for quick gains does not bode well.  The recent trend in the DOW suggests that the Market is returning to levels prior to government support in early 2009.  We pointed out weeks ago that the Market was not only overvalued but it could potentially crash http:/clicky.me/FiveReasons .  The Wall Street Journal quoted Eric Cinnamond, portfolio manager at Intrepid Capital Management, as follows:

"We are still in a deleveraging mode . . . Continued government spending is the only way out."  For the full article go to:  http://bit.ly/cqr2Wx .