Don't throw on towels yet guys....if u guys didnot have stop loss on yr stock and watching the bloodbath, its not time to sell. If u r using margin and getting margin calls, then its different. For the cash accounts, u will get back this paper loss if we dont close below 1100 on S&P. Thats important....close below 1100...get in cash.

So much pessimism....so many shorts out there....market wont breakdown on this kind of sentiments. There is something which will pull the market up....I have no idea what it is though !!!!

I had mentioned it before(no reason to remember for anyone)...its not time to get into bank stocks.....however cheap they look....no fundamental supports....no technical supports.....

Good LUck