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Some people don't respect that their brain's amygdala (fear center) generally dominates their reward center. We respect neuroscience. We respect math. We let our models show us tail risk rather than letting our emotions govern portfolio decision making.

Our models refresh every 90 minutes of trading. Here are our new S&P Levels for 11am EST:

Buy "Trade" = 823
Sell "Trade" = 913

Don't allow David Faber at CNBC or your fear center dominate your thinking. Faber is right about Morgan Stanley's liquidity concerns, but he is 3 hours behind us on that call.

KM