BROKEN CLOCK

I am not sure if the bottom is in, but I do know that if you bought ETF's after about noon eastern time you are in the black or just about anyway. I expect the markets to trade higher over the next few days as it will take that long to relieve the oversold conditions. Note the ill concieved DJIA green by 22 NAZ -18 and SP500 -2.5 on the day. There were less than 1800 issues higher and more than 4500 lower on the day. The reason the DJIA is a silly index is because it is price weighted and therefore when a stock splits two for one, the stock becomes 50% more unimportant in the index. That becomes very significant when there are only 30 stocks in an index. Does that make any sense to anyone? Oh, the CNBC anchors because they obsess about the DJIA all day long.