Well, the day is just beginning, but DOW 11,700 has come and gone, and 11,600 is looming.  Oops, spoke too soon; there goes 11,600.  S&P has broken through 1300, but barely (so far).  And it didn't take $140 oil to do it!  My opinion is that from here we sink right up to the July 4 break at the very least.  Beyond that...?

The huge drop recently has convinced me to push ahead on my Roth conversion to get maximum assets into the Roth soon and, hopefully, ride the recovery with tax-free gains.  Was going to do it anyway given the tax bracket issues, but this is a little icing on the cake.  I won't get a better opportunity than this one, I think; better take advantage while I can.  As for buying, I'm still in a watch and wait mode.  Other than FAIRX, I haven't seen significant drops in my fund navs yet.

Speaking of FAIRX - Happened upon an interview with a spokesman (didn't catch the name; young guy).  Says they're going into the health area and backing away a bit from energy.  Hope that bet pays off better than Sears and DISH!