Stocks getting pummeled

The Dow is down 270 at-present with no sign of relief from the selling pressure.  The NASDAQ Composite is now down 70 and has broken through 4,000.  The S&P 500 shattered 1,775 early today, and is now off 37 points at 1,746.  There was a slight bit of support at 1,750 but that is obviously not holding.  The 1,675 level is probably the place to start putting cash to work, looking for a short-term bottom at around 1,660 or so.  I will likely spend about half of my cash around 1,675.

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