THE MELT

Unbelievable and thank goodness for the weekend as the DJIA closed lower by 338, NAZ 80 and the SPX down 38- the biggest loser the RUT- down 7%. The DJIA was higher at/near 30 minutes before the bell- so much for faith.

One could have made lots of money either way - but it takes lots of courage to put on positions as conviction for now is pretty rare.

GM and C the only winners on the DJIA while INTC HD JPM CAT were the biggest losers.

Next week- anyones guess so back to one day at a time.