market looks nervous ... and

..... is most likely awaiting direction from Wall Street.

Wall St's negative close was not a good omen and there may be more pain to come.

It doesn't matter how "good" our economy is, the fact remains that global fiscal fortunes are joined at the hip to the American behmoth.

The old cliche: "When USA sneezes, we catch a cold" is still a truism. Let's hope it's not influenza ... or worse: Bird Flue

Time for caution and the preservation of capital until clear direction becomes apparent.

Cash feels comfortable at the moment