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You'll have to excuse me. I just can't resist posting the new scene posted on YouTube featuring a spoof of Madeline Albright's famous scene from 2000 with the North Korean funny man. If you don't link to it, don't worry, it will be coming to a theater near you soon.

Now Mr. Market can toss out some goofiness too can't he? I mean check the morning headlines before the markets opened today (courtesy MarketWatch):

 width="M/I Homes lowers forecast."
"KB Homes sees 22% profit drop."
"D.R. Norton sales fall 34%."
"JPM upgrades homebuilders."

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These are the basic index sectors and charts that matter today: homebuilders, consumers, energy, bonds, currencies and commodities. The rest is just fill.

Please excuse the irreverent images; I just can't contain myself sometimes. There will be more October surprises, and not all of them will be funny, so laugh while you can because tomorrow could reveal a different story.

Disclaimer: The ETF Digest maintains positions in iShares Lehman 20+ Year Treasury Bond ETF (NYSEARCA:TLT) and streetTRACKS Gold Trust ETF (NYSEARCA:GLD).

Source: David Fry's Daily Market Outlook