Float long term/Lock short term

Markets opened with stocks to the upside after Cisco reported better than expected earnings, but they have since turned negative.  The Nasdaq hit its correction status by dropping 10% since the high last seen September 21^st, and the Dow only needs to drop another 384 points to do the same.  PPI was reported this morning with inflation remaining in check and Retail Sales for October were lower than expected.  Even after the mortgage bond-friendly news, bonds have been down slightly most of the day.  With the significant pressure stocks are under, bonds may have support from falling much lower.  Although the safe play is to lock, if you have the stomach to stand volatility, we feel that floating longer term may pay off.