I'm Dizzier!

I need whiplash insurance! The markets are out of control. There are some statistics I've seen recently talking about the average intraday percentage swings and not surprisingly the data for the past 3 months is off the charts. Something ridiculous like an average of 4% swings on average during the course of a day.

Today was down, up, down then right back up again. About 400 point from peak to trough on the Dow.

And after its all said and done, where are we? Right about where we were a week ago. Nothing is moving in a clear direction. We just keep fluctuating.

And how is it we rally so big on days with so much bad news? It still stymies me and aggravates me, but that's what the market enjoys doing... driving traders crazy.

I still see no reason for us to not plummet, but each day it doesn't happen I have to question my analysis. Are we going to rally or drop when it's announced that the auto makers will get their "bridge loans". Who knows... Looking at things from 30,000 feet it's all very ugly. No good news, nothing to hang your hat on that things will turn around soon. So I'm still happy on the sidelines. I do want to be ready to jump in though when the next leg up happens because it will be sizable and last a couple of months.

Hang on to your hats... tomorrow is another fun day for us all.