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Wednesday Outlook: Commodities, Global Markets

Why would anyone want to be "long overall" here. "Overall" being the operative word. I understand staying with a trend until it is clearly broken, but here? Yikes! I've been shorting these broad averages for about ten days now, China, SP 500. They are being held up by air. There will at least be a tradable break somewhere here, and then over the intermediate or longer term I would say we will get a considerable drop. The market is grossly overvalued. Here is what I see: everyone around me is being put out of work or having their pay cut, very few people in the stores, homes not selling, and no one can get credit. Where does that leave the markets?