The market's up or down and you can buy or sell

Expect more volatility as the traders return from their summer siestas and begin to quesiton how sustainable this rally really is. The S&P is up 12% YTD after being down over 20%+ in mid March. We're about to re-live the anniversary of the demise of Lehman and the panoply of corporate imcompetence which followed. AIG, Wachovia, WAMU, oh, I know, you remember. Do you think Hank Paulson misses his job? The economy can't make a long-term recovery with unemployment rising. September is traditionally one of the worst months of the year. It won't be like last year but I don't expect gains. If the S&P pulls back below 925, that looks like a good entry point for cash.