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Investors may expect a bounce today, but anticipating a market bottom is premature. There is more downside as the market seeks comfort level that discounts uncertainties.

The market is being pushed closer and closer to the edge of an economic cliff. What can investors do about it to avoid the proverbial fall and actual decline of investments?

Rally started Tuesday anticipates announcement from Europe of a solution to debt woes. A rally would accompany such news, but "buying the news" risky.

With concerns for Europe and a recession out of the way for the time being, the focus will be on Q3 earnings, which can goose the market up further.

The recent 9% surge in stock prices discounts a euro-solution and expectation the U.S. won't slip into recession. No room for disappointment.