The darkmatter stocks, C, AIG, FNM, FRE are weaker, REITS, housing, TECH all lower and finally the spuz are lower too down by 15.5 to 992 which was the level I pointed out yesterday. Most traders I talk to are convinced there will be a rally back this afternoon - who can blame them that has been the mode for quite some time, this is the first decline of any significance that I can remember for quite some time.
I could take off a bunch of positions right now and lock in a great day - Im not gonna do that. I have taken heat to this point so Im not gonna cash in as soon as I start being right. One thing I have learned over the years is markets have an incredible ability to overshoot your wildest expectations (at least mine).
Anyways with all of these deals pricing tonight I'll have lots to report to you later...stay tuned
JB
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