Once again the talking heads of CNBC and Bloomberg have investors rocking violently between "fight or flight" psychological endpoints as they can't make up their minds whether the volatility that has roiled (what???) the markets over the last six trading sessions is the beginning of the end or the end of the beginning.

Fact is we are now down (at the worst levels of the day) a mere 2.3% off of the highs. Even a "normal" pullback in this type of market would be between 3-6% so we aren't even half way to normal.

Earnings as predicted are coming in well ahead of estimates with a ratio of 2.8 to 1 winners over losers with the majority (74% so far) beating wall street estimates.

Sit back relax and enjoy the rest of earnings season which is just getting into full swing.

Ignore the suits ....they get paid to fill 24 hours of financial news programming.

IF (and that is a big IF because it would take a radical turn in earnings to make any difference)we were to see a substantial (10%) correction it would just be a setup for better things to come into the end of the year. We are programmed for 15000 DOW (and yes a 9/11 event could ruin everything....

BUT do you know how long after 9/11 prices turned and began the climb back to where they were before the event?

3 WEEKS.... and 5 weeks later we were back up to pre-9/11 levels. After the biggest blow imaginable that could be centered on the largest financial center in the world.

The markets have an infinite capacity to absorb both good and bad news and ignore it in the larger scheme of things which is EARNINGS...That's all that counts, so get used to it, invest and prosper.