Nervous in mo-mo land?

Apple drops 14 points and recovers some yesterday. ISRG gets downgraded. GMCR blows up or does it. Goldman forecasts 2011 economic growth well below trend. TLT creeping up again, near 106. Marketsl stalled in early August after a non-stop rise before plunging.

Questions? Does short-term history rhyme?  Don’t end-of-quarter pre-announcements seem fewer to you? Is there another (last) hurrah left or has that already happened?

Answers:  Added some retail puts (lazy).  Should build a list of possible shorts  (too busy), but  look inside some ETFs for candidates:  IWM (67.5)  oil service (DIG = 31), chips (SMH=27.85).

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