Intel disappoints, big time!

Matt, I think you are right, this downtrend is still not exhausted. Recent market action has not confirmed the beginning of a bounce. Each day that closes higher is followed by bigger losses the next day. When was the last time a stock like Intel (INTC) dropped 15%? That is after the negative close of 1.7%! Unless Bernanke or Bush can engineer some positive news before markets open, it looks like a huge gap down and then what? "Intel Corp on Tuesday posted quarterly results and an outlook behind Wall Street targets, sending its shares down nearly 15 percent." - Reuters