The whole purpose of the Stock Market these days is to serve profits to the upper echelon by tricking the little guy, what few there are left. Market drops have become swift and unexpected. Remember last spring when the market fell a thousand points in 15 minutes? Whew! The so-called 'fat finger' mystery man? No one bought that line but 'investigation' determined that there really was a fat finger guy and a Tooth Fairy.
We are now due/overdue for swift action to the downside. Anticipating that, let's lock in any profits and wait for further signals. We may miss some upside but the potential exists to fall back by hundreds of points before trekking further up to the moon or Mars or wherever The Bernank wants to take us.
It's hard to have any respect for any institution in this country any more and that certainly includes the stock market. Every aspect of human life has either been taken over by government or plans are underway to do so. Make no mistake about it. This market and this economy belongs to the government. The 'retail investor' left the market long ago and the economy died early in 2008. We play the market based on technical signals only. The fundamentals of companies can no longer be believed.
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