Bill, thanks, I'll look into the toshiba. On the market, this is the most highly valued market in history. Price to book ratio 2.5 x the 1987 peak. The market has a correlation with bond prices. When bond yields rise, stocks go down. Remember what happened in the Spring when rates went to 7%
Now we have wage inflation (ups strike, min wage hike), commodity inflation (gas price up dramatically, even after summer driving season and gas price is figured into every product which is transported -EVERY PRODUCT!)
We have a 150 year anomoly, El Nino, that will damage crops, leading to higher food prices (they are catching Marlin off the coast of Washington State)
Don't be fooled by what the street tells you. They want the buy and holders in there, so they can bail. (heavy insider selling, specialist short selling the hell out of this thingg and bond traders short the bonds like crazy)
I am totally short this market, except for AAPL and a few other small caps, which will be gone by next Friday.
AAPL has a strong balance sheet and will weather the storm and bounce back quickly. Fluff stocks with high price to book and negative earnings - Y2k ponzi schemes and internet yahoos, will get creamed.
Good luck and get some downside protection.
OEX puts for October work great.
Bob
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