Hunker Down Time

The market acted terrible today . The 842 floor area on the S&P didn’t hold.  Between Paulson’s actions and the Detroit hearings, despair is everywhere.  We continue to believe that the 842 to 890 area on the S&P was a macro buy area and the area below that between 600 and 840 is an extreme buy area. So we are acting accordingly. 

11:44 PM EST