Recap

Markets took it on the chin today with the small cap Russell 2000 leading the way with a 2% bruising. AMZN turned in an absolutely knock your socks off day up 27% to 118.5 - unreal - I know exactly one person with a kindle - but I do know lots of people who buy stuff at zappos which is an AMZN company. As a friend of mine would ask do all of these people who buy stuff at AMZN send in the sales tax required to their respective states?? As the states are more and more stretched and AMZN is doing 35+ billion in sales watch for the states to start making noise.
Ben Bernankes inflate everything at the cost of the dollar strategy was given the bird today - oil,bonds, equities all lower - treasuries look to be breaking down - which while totally logical could cause massive problems for a government that is selling like 100 billion a weak in bonds.
Just think about it - if the government wants to keep selling all of these bonds they might need to create a little panic just to get a flight to "quality" bid again. Oh boy my mind is getting excessively twisted.
Good day P&L wise for the home team but still down for the month. Working hard, working hard - but alas right now not the results Im looking for.

Peace

JB