I smell a rat

The SPUZ have reversed course and are flat on the day, trust me im as surprised as you are. I made a few good trades out of the shoot this morning.
A couple stats that I read over at www.Minyanville.com
85% of portfolio managers are bullish on tech.
GS is reporting that hedge funds have increased net long exposure to pre lehman levels. (They didnt survey this hedgefund.)
Put that in your pipe and smoke it.
Where do we go from here - I have to assume back up - as much as the market is overbought, people in general stick with what works.
There is one divergence Id like to report on today, oil is getting smoked even with a weaker dollar - call the cops, the algos are taking a break. If oil can diverge stocks can too - right?
Tbonds continue their move higher, so we have lower oil, lower gov bond yields, and basically flat stocks - one of these things is not like the other.
I believe AAPL and GS hold the keys to the markets driection right now. GS gapped higher as did AAPL, GS is now up fractionally and AAPL is down small. Stay tuned.

JB