Just a month ago, on Jan 6 S&P traded at 935. At that time many pundits declared "again" that bottom has been made, and we are going to have big rally (economy was seen to improve considerably in second half). Market rallied in the face of bad job report and others! Now, gloom is again taking over despite the announcement of 8B stimulus. There is a talk of retesting on Nov lows. If you would have sold all the rallies and bought lows in last 2 months, you would have money. I wonder if this still a valid strategy.