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Many investors seem to believe that gold is the ultimate hedge, but Michael McTague, in the interests of myth busting--and truth--gives a resounding "no."

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Look for a 200-point pop in the DJIA this morning. The Street is hedging bets that the Fed and administration will take action soon to reverse the slump.

Investors need to remember how psychologically the market trades. While traders want volatility to calm down before they take bigger positions- that does mean that investors need to wait until the sky is blue.

When all nine Sectors are in a technical short condition, is it time to start buying hand-over-fist? Probably not. It's always darkest before dawn, but there's still too much risk in the market.