Off Lows

At least at the moment, I am well off the lows of the day. Housing falloff seems to have been the culprit. I am almost 100% long. I really need a rally here sooner than later so that I can take some profits off the table. I am not expecting earnings to keep coming in at double digit time and time again. This quarter may be the time we miss it. Lets face it, if things don't start slowing down in the broad economy the Fed will be raising rates rather than lower.

Well things are now heading lower, so it goes...