Investors have certainly been witness to economic and market history in the last month. The recently approved financial-sector bailout turned out to be a buy-the-rumor, sell-the-news event, as traders pulled their chips off the table after the plan was put into place. I have stated that this is pure market manipulation by the government, and trying to force the market higher won't benefit investors in the long term. The markets need to be free to do what they want and work out the excessive problems so that we can clean the system out in order to get a solid bottom. Steps did need to be taken, but protecting poor management and bad decisions by way of government intervention is not the way the market works, and somebody is going to have to pay the piper in the end. Trust me, no one who wants to see the resurgence of a bull market more than I do, and that's why I am so against this type of manipulation, which will likely only drag out the primary downtrend even more. That said, we have had a panic selloff, and the fear level among institutional and individual investors is as high as I have ever seen. Some of my sentiment indicators are hovering at historic extremes. The negativity is even higher than it was after the 9/11 attacks. I've been studying bull and bear markets for many years, and even though I know there are more problems out there, I don't think the negativity can get much higher than it already is.