This morning several laddered buys were struck as the market moved lower.  A laddered buy is when one sets limit orders at specific percentages below the current price.  I've been doing this in portfolios where cash is available.

It seems unlikely the S&P 500 will drop more than 30% from the current level, but this by no means certain. 

Look for more details this weekend and next week.

The defensive positions have worked relatively well as nearly every portfolio is outperforming its benchmark.  Look for a blog post on the portfolio performance data before the end of October.

Lowell