Every once in a while we will send out an intraday alert when things happen in the markets that we think are noteworthy.  A few major things are happening as it relates to the TLO portfolio:

1. First, the Fed is injecting some much needed liquidity into the markets.  This allows banks to make short term loans.  They can use that money to do all kinds of things, not the least which is managing panic mongers taking their money out.  Many other things.  This is good for the markets, but not enough.
2. Second, Futures point to a 90% probability the fed will lower rates on September 18, and 100% for October 31.  100% for two lowerings by end of year.  This will be what 'fixes' the market long term.  Until then, we will have high volatility and could still be looking at the 12000s like we predicted a couple of weeks ago.
3. Third, SAIA is up over 10%!!  With our picking away at shares at extremely bargain basement prices the position is near even!  Wow.  Once again, we have done it.  Now, it could go back down, but you can at least see how oversold this stock is if it is up 10% on a day like this.