I'm booking profits and sitting back for awhile. We are at technical resistance at 12.60 and I think next week may bring more red in the markets. This thing has held like a champ today.
Pacing is being affected by all the cliff talk. The economy is fine and companies are very profitable but many companies are holding back on ad spending. We are one week from January and too many buys are being held back. As soon as I see the flood gates open on 1st quarter pacing I'll buy back in but until this mess gets cleaned up I don't think the gates are going to open.