We have reached Capitulaton

In my opinion, we found a bottom last friday.

It was textbook, the fall in the open on heavy volume, the high that followed. There is even a cup and handle  pattern in there.

I expect the dow to be back above 9500 by the end of the month, so I am going to hold my 2x the s&p results etf, sso.

Also, i have gotten emails asking if you should liquidate like Jim Cramer says. I say, no, that would be the very definition of buying high and selling low.

If you are young, just wait it out.