The market had a bad run again. Too many bad runs in a year raised question on the integrity of the bull run. Are we in for a double dip? No one knows but my point of view is that there are more downside than upside at this point in time. I sold all of my stocks before Bernanke’s speech on 26 Aug 11. As I mentioned in the previous post, I already had the contemplation to sell at that point in time. There is no certainty whether QE3 can push the stocks higher, and worse, there is no certainty QE3 may come. Fundamentally, the economy was doing well last 2 years but growth has slowed this year, and expected to slow further. Earnings of companies are likely to drop if the overall economy slows. And when I look at the long term charts, things do not look good ......