Volatility has shown some indications that it is slowing as the VIX fell to slightly under 50. That's still very high but the trend is showing some positive signs in the last few weeks. Many of the commodities continued to rise today. In a conference call the CEO at CMC indicateed that the new movie, "The Earth Stood Still" appropriately indicated what had happened in the steel industry since October 1. (Trust me I know, this has been the fastest and most severe slow down I have seen In 20 years) The stock rose over 10% for the day. SCHN was downgraded after missing earnings estimates. Their stock price rose over 5.5% for the day. Another sign of markets rallying in face of bad news.