The Stock Market Will Self-Destruct In...

Alright, it isn't quite that bad... yet.

But last week's market performance was amazing. Technically, it was destructive. Psychologically, it was a disaster. Even the major averages were a disaster. The S&P lost 4.4%. The NASDAQ lost 6.4%. The biggest loser, the Russell 2000 (RUT) lost 6.7%. There were more than 500 new weekly lows last week.

Some people on CNBC were saying it was the worst week since 2002!

Ah, but they are wrong. They are misleading you. They are making things seem worse than they really are. You only need to glance at August 2007 to see the reading was at 1100 new weekly lows.

Remember, don't believe everything you read or hear from those talking heads.

As for our headline... well... made you look! ;)