End of day, 3/19/08

Most of yesterdays gains were given back today, with the smart money at the end of the day putting the markets almost in a free fall. With the Federal Reserve baloney (polite way of saying it) out of the way, the markets are free to seek their natural level now, which is generally still down. Be mindful that a bottom could form by the end of the week, or early next week, as outlined on this blog a ferw days ago. Bears should be relieved, however,as for the short term, it's going their way...