There is some talk (even on sites like Wall Street Journal) about Hindenburg Omen. Some publications, financial or not are trying to scare the hell out of investors.
I say what a bunch of hogwash! Only what is going to hurt market is spread of this type of sensational FUD (fear, uncertainty,doubt) by media. There is nothing in technical analysis that suggests any exceptional pullback. Weekly charts are showing possible short term pullback after 2 months of running up. That is natural. That what markets do. They oscillate. On macro level one needs to realize we live in global economy now. Although American economy is weaker because of the senseless exporting of jobs abroad for decades, other countries that regulate banks and keep lid on job exports and corporate monopoly are doing well (Germany just reported 4x larger raise in their GDP than was expected). What this means is that although American public will not benefit as much, owners of American corporations will. It is beside this post whether this is right. Point is stock market is reflection of how American corporations are doing, not how American workers are doing. It will not do as bad as these ridiculously negative articles are trying to portray 3 months before elections. Wall Street journal, together with whole set of other most read market publications, owned by Rupert Murdoch can take market wherever they want by focusing on publishing gloomy or rosy articles. Virtually every market news source with exception of Bloomberg is controled by Murdoch. If anything, I would expect markets to go higher when I see articles like these.