It was such a bad day in the markets that even my web hosting service lost their servers this afternoon!

Worries over the European debit crisis bloomed fresh today and markets in Europe and the US plummeted. RUT lost $16 to close at $694 while the SPX traded down $22 to close at $1136. Fortunately, buyers arrived for the last half hour of trading, recovering some of the losses and giving us some hope for Monday; but is it false hope? April retail sales increased 0.4% in April and the University of Michigan consumer sentiment survey reported out at 73.3, up from last month's 72.2. But this modestly positive economic news was ignored by today's market.

I heard an interesting factoid on CNBC today: there have been 11 triple digit days on the DJIA in the last 14 trading sessions - no wonder I feel tossed about by this market.

My May iron condor is still underwater but the greeks are actually pretty good with delta = +$29 and theta = +$537. But this trade is a loser; we are just attempting to minimize the loss at this point. My June iron condor on RUT is at breakeven and nearly perfectly delta neutral with delta = +$4 and theta = +$77. Now we wonder about Monday. Will some news from Europe calm the markets or will we see more losses Monday?