The market near term is very oversold. I think a rebound is overdue. We could get a spring rally, new new highs. I would wait for a rebound before selling or selling short.
I believe that the global economy is in a recession already. And I believe the political background in the U.S. is also going to create a lot of uncertainty because the two leading candidates are outsiders of the political establishment- Bernie Sanders and Donald Trump- and that may create further tensions within the financial service industry.