The Shot Across the Bow---Wall Street Opening---July 23, 2012

This morning I decided to sleep a bit late, and finally booted up the computer about 9am. When I got on the news, there was a picture of a trader on Wall Street, a floor trader, with his head bent down on his computer---yup it was either prayer or despair, and traders are not the prayerful type generally..... The sharp break at the opening down is a terrifying thing for any floor trader who has maintained his positions over the weekend---luckly for those who did not get stopped out, the market came back, BUT the opening today was like the shot across the bow of a movie, like maybe the "Pirates of the Caribbean"---so... Be watchful, but get ready in case u have to abandon ship and take some of that fine prized ale with you.....