HOLD ON TO YOUR PARACHUTE: THE BIG DROP ARRIVES

It's not the strongest of the species that survive; nor the most
intelligent, but the one most responsive to change.
---Charles Darwin
Only 1 new high with 542 new lows on NYSE today. IBD whipsawed again--market in correction--their euphemism for the BEAR MARKET FROM HELL


After hours:
Intel Corp. whacked more than $1 billion from its fourth-quarter revenue forecast and ratcheted down its profit expectations because a clampdown on spending is reducing demand for its chips.
I look for new market lows tomorrow. I remain short the market with ubb and mhk puts.
Ticker Sense Blogger Sentiment Poll reports 21.74% Bearish and 65.22% Bullish. Looks like every blogger out there is trying to call the bottom. Hmmm--I think I will let the market call the bottom.