It is now looking ahead at the warning signs.
FORBES: Riding The Elliott Wave Back Down To 950 On The S&P 500
That is why, as I've mentioned before, it is pointless looking at Libor and euribor interest rates for signs of banking stress, because they are semi-irrelevant markets these days.
Meanwhile, there are signs that the industry is looking at more imaginative ways to arrest the decline in music sales.
At the same time, they are looking for signs that consumers are starting to spend again.
At this point, what traders should be looking for are signs of a change in character.
Thankfully though things have been looking good, at least so far, with "sold out" signs across the country and lack of stock in Verizon stores indicating strong demand.
Inevitably, the hints of a looming leadership struggle had observers looking for signs that Mr Costello had decided to pitch the budget at voters as much as the market.
By taking a current look at the market internals, we can identify what signs I am looking for to warn of a deeper correction.
Meanwhile at the Pentagon, Defense Secretary Gates acknowledged that the public is looking for signs that the situation in Iraq is getting better and he counseled patience.
Evansdale, Iowa (CNN) -- Scent dogs used by searchers looking for signs of two missing young girls in Iowa ran around a lake and stopped at the water's edge, the mother of one of the girls said.
CNN: Mom: Dogs searching for Iowa girls stopped at edge of lake
If the residents of the tony Upper East Side faced a similar risk of getting shot at recreational basketball games, the police would be out in force in that neighborhood, too, looking for the signs of gang activity and for individuals who appear to be carrying guns.
WSJ: Heather Mac Donald: How to Return New York City to the Street Gangs
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