It looks like everyone is selling into rallys and rallys hold for literally minutes, not hours or days. I am afraid to say that the equity market is most likely heading much lower. Notice that last night on 2 occasions Hank Paulson said we have 2 or more rough months. That coincides with his departure on Jan 22. He is no fool. He knows all too well the financial carnage that lays ahead and doesn't want to be the head of Treasury when our financial system implodes. It will implode or we will hyperinflate our currency. Either result will be devasting for many Americans and most will not and are not prepared. I can only hope that our strategies on this board will prepare most of us. The only safe place to hide for now is cash. I was going to buy some more silver bullion, but I am now placing that on hold until this carnage is over. Crap!

Silverut