The sweet smell of a contraction

Is it finally about to happen, a 180 point fall on monday in the US and the a 70 point retracement last night. PLEASE let this be the start of a pullback in the markets as we have been running on vapour for the last couple of weeks. So what if Aus has signed a huge contract for gas with the Chinese it doesn't mean we have got back on the horse and we are away. There is still a little dirt left to scrub off before the economy is even close to back on track. so lets wipe some more off clear out the dead wood and get players like me comfortable with the way thingts are.