A new president but the same old story for the stock market as the Dow lost 332 points on good volume. Advance/declines were 8 to 1 negative. Oversold and staying there. Dangerous comes to mind. We should get some type of bounce but it hasn't happened. It will but it probably won't hold. I get the feeling that another large bank is about to fail. I'll have to stay on the sidelines for now. When the normal things aren't working, there is not much you can do. It seems to be a sell anything affair again. Gold was up $17 but the XAU dropped 1/3. The gold shares were much higher earlier in the day but sold off. ABX up 3/4, GG up 1/4 and NEM up 1 3/4. Volume was extremely heavy there. Money continues to find a home in gold. Looks like a one day reversal in the gold shares though. The dollar was higher on a flight to safety. Oil rose as well. Mentally I'm doing OK, slept well enough. It looks like it will be an interesting week. Summation index is pointing down. The banking system remains in collapse. Credit markets are in ruins. We will have to see where it all ends up. It looks like the lows of last autumn will be in question. Time will tell if they hold.