and for you, holdon, the market is in the process of rolling over. trees don't grow to the sky, even trees watered by Ben's funny money.

when we start the downward draft, the initial slide should take us somewhere around 1000SPX...though we could -- if people really get hysterical -- go to 970.

one statistic to keep in mind is that mutual funds are now 98% invested. that's right, Goldman and the other guys have jacked this market to the moon, and now the boats are fully loaded.

and you know what happens when everyone is in one boat. particularly when all the peasantry is sitting comfortably believing things will just keep going up, up, up.

if you can't bear to sell, son, at least put some stops in. if you can do a trail, think about a .60 trail....loose enough you won't get bounced out on a mildly volatile day, but one that will save you when the big turn comes.