Another downer of a day. The Dow lost over 60 points on negative advance/declines and average volume. The trend is down, has been down and will continue down. I am an idiot to hold onto the calls I own. GE was down 50 cents. One of the positions doesn't have a bid. Terrible. It looks like a repeat of last year, with huge losses to start the year. The same thing again? Looks like it. If you can't correct your mistakes you will just keep making them and losing money. These are the facts. There is no hiding from the truth. I will say that one of my indicators is way oversold and the market should get some footing here. Whether or not GE goes along for the ride is unknown. Gold was up a little as was the XAU. NEM was the best performer and that might be the play for February. Intel announces after the bell for the recent quarters earnings. Perhaps some good news will come out. But you can't escape the fact that the trading thus far has been ridiculous. Piss poor. Unacceptable. Perhaps it is time to get flat and regroup. Most certainly it is. At this point there could be no choice but to wait until the earnings next Friday. It is a sad place to be in but there is no hiding from the truth...