futures down 100

well, let's see how she goes



when we had gap down in major averages, my gut said sell all, but trying to be disciplined, so cut some stuff, bout half for small losses right at the open



I should of sold one other positions, had small position left in falling knife that was positive with a stop at what I bought it for, could see it was gonna get hit, but let it ride, left some pennies on the table on that one



best I can gather is whatever selling is happening whatever bonus money is coming in is flowing to Europe, those stocks look pretty damned good, started there run 6 months ago and haven't stopped yet,



so we got all the money flowing to one side of the world.......................



febuary 7th is jobs report if it stinks up the joint watch out, last month it did



if we continue south best guess is we bottom Wednesday march 5th



big money coming in first of april, 401k'rs, they never get there shares at wholesale, only retail......................so they sell em off to buy em back



and perhaps the sell in may will come to play this year



the big driver was bad news out of china, pmi, purchasing managers index clicked below 50, meaning contraction..........................





plus, jack lew our money man for treasury scolded congress again about running out of money, and budget ceiling shiot, it's almost like china, china has some potential defaults on big loans coming, but these two have been constant stories for two years, and never effects anything, we shall see