It's ugly and getting worse. We're flirting with down 300 and selling could accelerate as the day moves forward. I sold 2/3's of my Spyder Gold Trust ETF (GLD) SEPT calls when gold was about $1904 an ounce. I'm holding onto my Oil Service Holders ETF (OIH) even though I'm taking a big hit with them today. I don't feel like doing much shopping yet though I bought some Verizon for the Free Market Capitalist Portfolio. I may buy some more Arcos Dorados (ARCO) today as it's down over 4% but I feel like we could have a few bad days like this so it's probably better to just hold off. Hansen Natural (HANS) is holding up nicely in this decline bucking the trend by only falling .5%.
This is not a recommendation to buy or sell any securities. DAK was long HANS, ARCO, OIH and GLD at time of publication but positions can change at anytime.
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