Ben Speaks Again Today

Bernanke will be grilled by congress the next two days.  This will add an element of turmoil to an already edgy market.  In the S&P there are a number of analysts looking for 1170 to be the bottom.  The swingcount goes all the way down to 1120.  We will have to guage the territory as we approach these levels, probably over the next week to see which will prevail. 

Our portfolio being diversified into 66 percent short stocks and 33 percent short commodities since a week ago is working well, not as well as being totally short stocks, but will take the pressure off when the market turns, as commodities should be plunging when stocks bottom.

8:12 AM CDT