In early trading this morning all major indices were taking their hits on renewed concerns about Europe’s debt problems. Lets see if bargain hunters step in today or if fear will rule the days action. The Vix (fear gauge) is up over 20% this morning, so lets see how the rest of the day fares. Select small caps are holding in the midst of the large cap sell off. Patience in this type of environment is essential.

Good luck to all.

~George