ETF SWING & DAY TRADING

[FreeMarkets]

Hi Husk,

Like you, I am slightly short. I didn't know about the change to margin rules, but it seems like that can't be all there is to this global selling. Maybe I am wrong there. It seems to me, like March 2000, the institutional players just decided it was time to sell.

We haven't had a true 20% correction in years, so we are overdue. Good perspecitve though. If this morning was 'the bounce' then it was pityful indeed.

FM