"Just remember - when the market is down more then 400 points - are we not part of the market?"

Yes. I would think so, that's why you were just looking at the graphs of the index over the last year and the last 5 days :)

Good old commodities in fact.

ISM was just trading earlier at 5 cents away from it's 52 week low of $1.22

Nickel demand will get interesting to predict especially in light of the supply coming online. Production curtailments are temporary as well. Our global economy won't be quite as robust as I had hoped for in light of what's going on around us.

Todays 400 point drop on the index was made up largely by oil dropping ( energy is big on the index ) and the shares in RIM getting beat up for another day after Friday.