Media: Buying Opportunity?

Not for me, but there was certainly a nice tradeable rip off the morning lows for you Quick Draw McGraw types.

Anyway, I got cut short for President Obama’s 11th speech of the week during which he said nothing.  I’ve been bumped for the Fukushima Earthquake and the recent Debt Ceiling vote so at least I’m moving up in the world 🙂

The point I wanted to get across is that the markets are a mess but we are way overdue for a snapback.  That said, I wouldn’t be tempted with Friday’s NFP jobs report ahead of us, the trend is simply not good and that report, unlike many others, does have the ability to move markets.  I’m sitting cash heavy (23.5% for core accounts, 100% for trading accounts since Monday) and very comfortable with what exposure I do have at this moment.

My segment below: