Portugal, Eh?

The market was able to keep its head above water today. Barely. Now the worry turns to Portugal. I suspect we already knew that this was coming, right?

Anyway, the big domestic story of the week comes on Friday with jobs, jobs, jobs.

Then next week, earnings season.

I'm still long low beta stuff, oil, the $SPY trade, and some cash. I don't think the rally is over, but at the same time I suspect the market will revisit the vicinity of the lows too.