An tSionna {Down Day}

Well we finally experienced  that large down day I was referring to back at the end of March.  {See here:  An-tSionna 3.29.10.}   We'll have to see if this is a short term blip or something that is a bit longer lasting at this point.  Hard to say which way the market will go right now.  We're extremely over bought at this point but there seems to be an awful lot of money that now wants to own stocks.  Please go back and re-read that 3.29 post about being defensive as my thinking then regarding the game plan still applies.

*Long ETFs related to the S&P 500 in client accounts.