SP 500 and NDX Futures Daily Charts - Wobbly Day - VIX Recumbent

Joe Granville made a major bear call today, saying he expects the Dow to be down 4000 points by the end of the year, with the decline starting about now.

I can sympathize with a bearish outlook for stocks based on the economic fundamentals and the earnings reports so far.

The Fed will announce the results of their January meeting on Wednesday.

Tomorrow is the State of the Union message. I