Tuesday, October 13, 2009

A little slide

The SPUZ are down $6, JNJ is dragging the DOW down a bit. GS is being stung by Meredith Whitneys downgrade to the tune of $4.5. Banks in general are weak except for Citibank that beacon on strength. REITS are a bit weaker as is the greenback.
One would have to assume that the bulls will try and rally the troops at some point today - watch GS and JNJ as important clues - their ability to bounce is important to the bulls playbook.

JB

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