Again, another almost 100 point drop in the Dow.  What’s up?

Jim Jubak says it well on MSN, “Don’t Bet the Ranch on a Rebound.”  While he doesn’t believe the stock market rally is dead, he suggests that there are too many uncertainties afoot to risk much in the short term.  He does go so far as to admit that the rally that began in 2003 is getting a little “long in the tooth.”

Bearmarketcentral.com goes a little further: it’s bad and only going to get worse.  A great book with a similarly pessimistic outlook is “The Bear Book,” by John Rothchild.  Give it a read if the notion resonates with you.

Bear market musings on PBS.org features several brief articles and comments on bear markets by a variety experts including Peter Lynch.  Read it for some sobering perspective before you reinvest in those Latin American or Emerging Market stocks and funds.

Where the market is going tomorrow is anyone’s guess but I’m doubtful that there should be much rush to buy back in before the fall at the earliest.