My only usefull thought at this point

Maximum headline risk.

So, we seem to again have building headline risk. Which we managed to get kicked in the nuts with yesterday. I'm trying to reflect on where that turning point is going to be. Seems like once earnings start coming out, if the expectations are too low, the risk is reduced once they start. We do have a point where citi will report, which is a good inflection point. Also... there are Options expiration.

Let me also note.. MSNBC is listening to the car guys talk about how they are going to sell cars... let me predict it's going to be a lame plan.

I'm still working on my thoughts about Obama and the Auto situation.