Resuming the Crash

The market is down about 1% as I type. Reason du jour? Weak trade data from China, the delay of the Ally Financial IPO, and worries about Greece.

So much for an options week rally! And I guess this means yesterday was a one-day wonder. I suppose the weak close yesterday was a clue, eh?

I was hoping we would bounce up for a few days and establish the summer's trading range. But now we have to wonder if the market is heading lower.