3 of my kids start school tomorrow, one in a week, no more beach, pool, late movie nights, strolls to the ice cream store in the afternoon - back to work, back to reality. Kind of feels thats whats happening in the market today , back to reality where stocks dont go the way you want em to all the time. Look across the board today and its hard to find many winners. The dipbuyers are not doing there thing today, we have been overbought for the last 4 weeks, sentiment has to turn darker more worried. People need a gutcheck.
After the close we have HOV earnings - we'll see how great the homebuilding world is or is not. How can it be good - I cant see how its possible but Ive been wrong before and am always willing to learn.
Im paring my short deltas in SPG just a bit here - staying with winners is just as tuff as cutting losses some time.
Im overall still pretty short the market - no reason to reverse that right now I dont think.
JB
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