So Alcoas news was good ( I guess???)

But in case you were worried here is a dose of reality - or the opposite of our buoyant equity market

JPMorgan drops bid to sell Chase building: report

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SAN FRANCISCO (MarketWatch) -- JPMorgan Chase & Co. /quotes/comstock/13*!jpm/quotes/nls/jpm (JPM 45.81, +0.11, +0.24%) has dropped efforts to sell One Chase Manhattan Plaza in lower Manhattan after receiving low bids for the property, Bloomberg News reported late Wednesday, citing an unidentified source familiar with the matter. JPMorgan received formal bids last month and had not been willing to provide financing for the deal, according to Bloomberg.

TAKEAWAY : Commercial Real Estate is a slow moving train wreck

http://cbs2chicago.com/politics/comptroller.state.finances.2.1232001.html

TAKEAWAY : OY VEY - NOT GOOD

Now that we have that out of the way go back to the regular scheduled program of buying futures and high beta names - get a jump on tomorrow mornings 10 point gap opening.

JB