Big Day

Huge day in the markets today!! Below 900 on the S&P is the first lower low since the first week in October. That is not an absolute low but we have been setting higher lows after every major drop. Last week's major drop went from 1000 to 900. Friday and Monday we bounced to 950. If we break through 900 we could be visiting the October lows very quickly and the idea of a continued bounce may be distant memory. Yesterday I came outright depressed looking at what was going with AIG. Things are getting uglier out there.