CHINA is what we should be watching..... so much money from China in the market.. their stockmarket hurting..
Only the poor and middle class are hurting ... They entered after smart money started to sell =] ... Also the "smart money" saw gains of 80% or more since the bull run... even if "smart money" shredded 20% of their profits they are still in the green how ever the uneducated and uninformed poured their money in when the markets were peaking and churning over to a bear market thats what is truly hurting... Also BTC-E is being pumped by influx of "smart money" trying to capitalize on gains in an unregulated market outside of china's market restrictions.
Side note: just a peek into the cracks