Market Update 11:30am

Published: Mon, 03/02/09

over the weekend, Warren Buffet told investors that Berkshire Hathaway had its worst year ever in 2008 and warned that the economy would be in shambles throughout 2009.. Could this be like seeing the latest fad on the cover of Time magazine..when this happens they say the fad is already over.

Is the market close to a bounce? Sure it is, but no one will be able to tell you when and how big it will be.

I am sitting here today watching and studying the markets and feel good not trying to find that bounce, but again why not go short.cause the bear market rallies are violent and can take you right out of your position fast. Sit onc ash and watch the approaching 700 Support on the S&P. There will be plenty of time to trade this market, days like this are some times spend watching and waiting for that spike down or capitulation selling

700 S&P watch!!