Good morning old blogger friends. I have missed you on the Grandich blog. In case you no longer check it, this is what I posted this morning. ....for your reading pleasure.

THURSDAY MORNING UPDATE: Mark Leibovit has his Timer Digest on Sell which means he is shorting via ETFs and states we should either be in cash or short. He talks about how interesting the market move was yesterday as he believes two things occurred which directly affected it. First, late in the morning the anonymous report that the gov was going to cut pay in 6 bailed out companies by 90%. Second, was the disappointing Wells Fargo 3rd quarter report with bank analyst Richard Bove cutting rating to sell. That good news impacted all the financials. As Mark says, “Basically, these two stories pulled the rug from out under the market. And, folks more is yet to come! “As for PM, while they were up given that demise of the dollar, Mark feels gold is underperforming. Should be soaring. “…something rotten in Denmark?” He also expects a higher bond market as folks flee stocks.