Here are four more images which support my thesis that there is fast growing bearish sentiment even as the averages have remained unchanged over the past 10 days.
The first image above this post is today's front page of the New York Times. It tells us that yesterday central banks around the world intervened in the money markets to prevent panic from spreading. The second image is today's front page of the Chicago Tribune telling us that jittery markets are looking to the Fed for help. The third image is from yesterday's Business Week Online edition and needs no explanation. The associated article "Keeping the Bears at Bay" can be found here. The top image is today's cover of Barron's. The headline : "Market Turmoil". Notice the classic colors of fear, black on red.
My conclusion? Same as yesterday's. This market is going up.