Going into today, Deron Wagner believes stocks are in a very short-term "no man's land."

The prevailing objectives of the major funds are to tap into abundant liquidity at virtually zero rates of interest, exploit the carry trade and keep asset prices moving higher.

So, how much is too much debt? It depends on what you use the money for…how much you have in assets…whether your earnings are shrinking or growing…and a number of other questions. But while the answers aren’t simple, the questions should still be asked: If you run up a debt, how are you going to pay it back? What will happen if you don’t pay it back?

The indices ended with a bang on Thursday, but they started out much differently.

Mike Paulenoff writes that early weakness in the iShares Silver Trust (SLV) came right down to its week-long support line.

Download Adrian Manz's Around The Horn Intraday Trading Plan PDF for October 22.

Dr. Adrian Manz analyzes the major markets, stock sectors, and individual stocks for October 22.

Dr. Julie Peterson-Manz reviews the Around The Horn stock action for October 21, and presents trade ideas that still have the possibility of triggering for October 22.

Tom Incorvia analyzes the market, sectors and stocks with his top-down approach for October 22.

It's significant that yesterday's sell-off was led by the financial sector because it was financials that initially kicked off the March 2009 rally.