I'm going to do a couple of updates this morning, sorry if you've subscribed and that creates a bunch of spam.
Take a look at the chart above and notice that about 30-40% of companies listed on the big exchanges hit new 52-week lows yesterday. I think it was in the 600's the day before, and the 300's the day before that. We may take a breather from the collapse today, but we have a long way to go yet before anyone should be using the term "bottom."
The S&P futures are up 4% and climbing. I'm so glad I finished the day all-cash.
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