The selling engulfed all the major indices last week, as investors shunned risk in the wake of the credit market turmoil and housing slump. The Dow lost 500 points in 2 days. This was the largest sell off in several years, for the week the Dow lost 4.2% the SP 4.9% and the Russel 2000 dropped 8%.

As US equities continued to drop, Treasuries saw the largest weekly advance in 4 months with US 10-year Treasury bonds to yield 4.788. The dollar rose to a 2 week high against the Euro and advanced the most against the pound.

For the WTI competitors how they manage the market's risk and the opportunities created from last week's demise is going to have a major impact on the end results. There are now many crosscurrents in most markets that will probably lead to more volatile markets. Previous leader Jorge Manuel Gerivaz is now 5th losing more than half of his gains, but former second Mr. Doleschall increased his gains from 200 to 300% in the same week.