No one should be shocked at all by the stockmarket's direction. When during the last week of December it was announced that Warren Buffet, George Soros & others DUMPED their stock in technology (Intel) & domestic products (Proctor & Gamble, Kraft, Johnson & Johnson) that should have been the big clue that the market was going to head south.

When "strategists from Goldman Sachs Group Inc. to AMP Capital Investors and JPMorgan Chase & Co." tell their clients to sell, rather than "hang on," I'll be a buyer. Until then, I'll keep my powder dry.