The Dow and the S&P each finished down over 2% yesterday, and the year-to-date return of both is over 5% on the negative side. While certainly not predictable, short term results like this are well within the range of what should be expected from time to time. We have been reporting for several months now that on the heels of a big 2013, we were finding good bargains to be few and far between. Further selling over the coming days and weeks, if it occurs, should begin to reveal the type of risk/return situations for which we have been patiently waiting. With economic news mixed and 4th quarter earnings releases coming out daily, there is plenty of data to influence the marginal investor one way or the other. We will continue to bide our time awaiting the right situations.