Be prepared to trade the volatility ..... this is not a market that follows rules. Remember that velocity is a vetor therefore there is a magnitude component as well as a directional component. It is during high volatility that an understanding of the velocity of money becomes essential. Sadly, buy and hold died in 2008.
I believe $30.84 is it. Hopefully congress allows the across the board cuts to take effect. It would be an outstanding buying opportunity if the market drops back to 10k or so. Wishful thinking I guess.