S&P 500 has bounced off the top end of the retrace zone of the '08 panic move down. Coupled with the unrest and sovereign debt concerns in Europe, the growing realization that all of the "growth" in our economy is only the result of massive and unsustainable deficit spending and the emperor's clothes coming off this week as a result of fat finger/HFT/whatever 1000 point dow drop and we have the makings for a very panicky market. As always, this could be a pullback and the uptrend continues, after all the market is not meant to be a perfect reflection of fundamentals or news but this feels different, at least to me.

Look for a right shoulder to be painted in the next couple of weeks to confirm the case to the downside.

In the John Waters-esque sector of northwest Baltimore -- equal parts kitschy, sketchy, artsy and weird -- Gerry Mak and Sarah Magida sauntered through a small ethnic market stocked with Japanese eggplant, mint chutney and fresh turmeric. After gathering ingredients for that evening's dinner, they walked to the cash register and awaited their moments of truth.

"I have $80 bucks left!" Magida said. "I'm so happy!"

"I have $12," Mak said with a frown.

The two friends weren't tabulating the cash in their wallets but what remained of the monthly allotment on their Supplemental Nutrition Assistance Program debit cards, the official new term for what are still known colloquially as food stamps.

Magida, a 30-year-old art school graduate, had been installing museum exhibits for a living until the recession caused arts funding -- and her usual gigs -- to dry up. She applied for food stamps last summer, and since then she's used her $150 in monthly benefits for things like fresh produce, raw honey and fresh-squeezed juices from markets near her house in the neighborhood of Hampden, and soy meat alternatives and gourmet ice cream from a Whole Foods a few miles away.

Read more at Salon.com

This one goes out to P-hole

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