Market Drop

While I've generally been a mediocre prognosticator of market movements, today's drop didn't surpise me. Oil prices nudge back towards $70, market professionals are fully invested, earnings projections have dimmed a bit, what do ya expect? Well, I expect a couple a gentle rallies next week followed by some blocking and tackling. I'm guessing S&P sits at just below 1250 by month's end. We'll see. I'd suggest that for the near term we're in a stock picker's market.