A Crucial Day

Oil is killing the market. It is back below $80 and a lot of stock programs are tied to it right now. We are very surprised the pre-market is selling off. It is a crucial day for the market bulls. We will have to see how it plays out. The 10-year bond is approaching the march 09 levels...not good. Let's see if it holds a double bottom. The Fed statement was horrendous. Have they given up? Today is the very important short-term day.