Bear comes to the SP 500

S&P 500 starts the bull cycle.
President Bush even agrees, if we don't do something it could be bad for the economy.
Meryl Lynch says, "we are in a recession"

Housing problems are just the start of our credit problems. In some states 50 % of car loans are past due, 20% of credit card balances are past due, commercial adjustables are also in trouble.

Watch out for Capital One Financial..........
Here is the daily chart.