P A N I C ! ! !

Futures aren't looking so hot this morning as overseas markets tanked big time. The market isn't even open today, but the insanity is already beginning. There was a lot of talk about a bounce on Tuesday, and there were a lot of people who bought Friday night thinking they were going to catch it. They are going to end up losing their shirts.

When the market responded tepidly to the proposed stimulus on Friday, I knew something was up. That's why I got out.

Things look pretty awful at the moment, but remember--it can't go down forever. There are going to be some great opportunities this year. It will be nice to get the insanity out of the way. It happened very quickly (this is the worst January drop EVER) so the rest of the year may be one of the best buying opportunities in history.

I don't pretend to know what's going to happen, but this isn't the time to get emotional and try and make up all that you've lost. Sit back and enjoy the drama and make plans to do some amazing trading later.