PreMarket Woes, Fed jumps in

Today I am paying attention, close attention to the pre-open market and after hours trades. Looks like wall street stocks are taking a hit. The Fed is lending money to banks for liquidity purposes and this certainly brings concern.

I think the slightest series of positive news could reverse this whole thing and it would be a good idea to stay close to the monitor. I plan to place some early stops and contingent orders. I have a few puts that should really take off but need to lock in the profits.