In spite of its short-term oversold condition, and several quite positive economic reports, the market has not been able to get out of its funk.

FORBES: The Market Needs A Big Jobs Report!

Every day, we hear increasingly ominous reports of the long-term effects of the BP ( BP) oil spill in the Gulf of Mexico.

FORBES: Canadian Oil Sands Unfairly Tainted By BP Fiasco

Short-term business debt levels continue to expand in the first quarter alongside higher aggregate industrial output data, Fed reports show, even as high-grade issuers continue to refinance short-term debt balances at a steady clip this year.

FORBES: Economy: Short-term Business Borrowing Hits Highest Level Since 2001