I have a quick observation. I think the market will settle down now as people get used to our Obama-Downgraded economy.
Barring some unforeseen crisis, the market should move up and down 30 to 100 points a day. The huge gyrations are not over, but are surely toned down for now.
Also, remember we are in a classic red-light---August---period. Choose wisely. Watch and learn.
I'll be following up on RENN and LULU when I hear what my friends are doing.