E TRADE Financial Corp (ETFC)

[suzyHomemaker]

We'll probably see a ugly close today.

The fear that was generated from the limit down futures headlines this morning will generate more redemptions. Redemptions and margin calls cause the 3PM selloffs. The 3PM selloffs give the news people something else to talk about which causes more fear which results in more redemptions.

These waves seem to be coming in 3 day cycles so maybe down till Tuesday or so?

I read last night that the DOW has only closed green four times this month. WOW!

If Argentina defaults over the weekend that will be a big down day for Monday.

When in doubt, aire on the side of caution.

Everyone have a fantastic weekend!