Here we are, back in the soup. We have the dollar getting too strong. We have the Fed making noises about tightening.
We have oil going down when the dollar is going higher, which means there could be real weakness in the economy so it is not the time to tighten -- something confirmed by the Federal Reserve Bank of Dallas notes that just came out.
We have Greece about to default, again. We have China's stock market going up but its economy not accelerating, so that means they are overheating.
We have no real corporate news to trade off of, other than a profligate deal to buy Time Warner (TWC). We've been up for three straight weeks, so we were due anyway.
Call it justifiably ugly and leave it at that.