The Wall of Worry just keeps adding more bricks. Although there has been much talk about the impact of low oil prices on the U.S. high yield debt market and by extension the U.S. banks that did the lending, the bigger worry now is the stability of the European banking system. It is like 2011 all over again. Also, there continue to be signs of an insidious corporate “earnings recession.” Such headlines add to the steady stream of “worry bricks” that have so confounded disciplined fundamental investors for at least the past seven months or so. Read more about Sector Detector: Stocks rally off long-term support levels while the Wall of Worry rises ever higher

Scott MartindaleLast week brought even more stock market weakness and volatility as the selloff became self-perpetuating, with nobody mid-day on Wednesday wanting to be the last guy left holding equities. Hedge funds and other weak holders exacerbated the situation. Read more about Sector Detector: Sharp selloff in stocks sets up long-awaiting buying opportunity