tomorrow (fri) will be a key day on the markets

wednesday's "rally" (short sellers covering) has definitely improved sentiment and slowed the free fall

a few choice stocks look a little sold

but overall, the market is still overvalued

this is problematic, given the outflows from mutual funds (less dollars/fewer investors) and the fact that a) over the last five years, hundreds of new companies have ipo'ed [absorbing dollars] and b) behemoths have split REPEATEDLY, creating more stock