Friday’s Late Comments Hold………Update at 9:50 AM

We will be replacing our short positions when the S&P 500 cash index hits 926 this week.

The EMA ETF Fund Nav was 1175 at Fridays close.

8:35 SM CDT

THIS MORNING in the $ 1,175,000 EMA ETF FUND we bought $ 125,000 SDS, $ 125,000 TWM, and $ 145,000 QID, all double short ETF’s.  This makes us effectively about 72 percent short based on face value of the account.