How's this for a twist of events, the broad market trips out of the gate and the NASDAQ rebounds first.  This comes after Google set the stage for early softness in the tech space.  Right now there's largely an indifference to the action as traders ponder the virtue of holding through a three-day weekend.  What could happen over the glorious days of religious observance and the transition from winter into spring?  Vladimir Putin could get rambunctious and snatch another sliver of Ukraine, but other than that, I'm not sure there's much to fear.

That being said, some people will sell out of habit and concern.

Investors that have held through the recent carnage should remain calm although you have to be honest enough to know if a position is down on fundamental issues or just with broader selling.   In fact, it's time to begin nibbling at great names that are down for temporary reasons.  Next week will take us deeper into earning season and give a glimpse at industrial names.  It's going to provide critical information about the health of the economy.

On that note, banks are all saying business lending is increasing, and that's huge although not surprising as I posted a piece on the Fed's most recent survey on lending, and it was clear that standards were becoming looser.  Conversely, some banks reported tighter standards for would-be home buyers looking for credit.

I'm very comfortable with most of our open positions, and I'm not forcing the issue right now but want everyone prepared to come in next week looking for opportunities.

Have a great weekend.

Charles Payne