I am not a buyer at this point. But the only thing I am sure of is no one knows where the market will be at the end of next week, let alone next year. I do think things will be slow to improve until we have a serious debt reduction plan in place. Right now there are many problems all over the world. And the world can see we have an impotent president and a hopelessly incompetent and partisan congress. As I have said many times the market runs on fear and greed. Right now fear is ion the driver’s seat.

It might be good to note that even after this awful week the market is well above where it was this time last year. If this turns out to be a correction alls well. If its more than that - who knows.