Well, August washed up. It was the worst month for US stocks in almost a decade. And yesterday didn't help. The Dow couldn't manage a rally. It rose just 4 points.

The British newspaper, the Telegraph, has the story:

“It's pretty clear the US economy has hit a wall,� said Barry Knapp, head of US equity strategy at Barclays Capital. “The macro picture is dominating and, right now, it's not clear what's going to get the market out of this spot.�