Three Key Market "Tells"

Fast Money Executive Producer John Melloy said today that investors are looking at three key factors to determine where the market may be headed. Specificially, they are looking at whether the recent sell-off was a bullish correction or the start of a new bear market. The three factors are the euro, China, and the financials. There are concerns that euro contagion will slow down global growth, China's tightening measures will drag down demand for commodities, and that there is uncertainty over how to value banks after new financial regulation. John Malloy states, "A breakout or breakdown in these triple threats to our economy may in fact signal whether the recent sell-off is just a correction or a new bear market."