Stocks are bouncing today, but this is a classic “dead cat” bounce – there is no fundamental or technical reason for it. Small investors are simply buying because the market went down. This is a stupid reason to risk money, and they will pay for their stupidity. The 200-day moving average is at about 1,275. That’s where I will start buying. Although we are up about 15 points on the S&P 500 right now, I do not think it will hold. Be patient and be rewarded!