Stock markets will start to drift - 'South of heaven'

As discussed in S&P 500 over valued? The Fed money pump keep stocks buoyant. Supports could break on more 'gloom'. The markets, lead by US indices are starting to drift down. To argue that a bigger sell is on the cards holds validity. Especially in the sense that shorting finacial stocks and consumer based stocks will be in vogue again. As long as Asia's exports slump, US consumer is cutting spending and in survival mode. Markets may be ready for another shock 'sell' depending on some worst news coming out.

The trend is down (graph is running real time - daily):