11:00 Peak

The gap was filled as all the dippers bought the gap down and then sold into the rip higher. The market internals have flipped to only 1600 more red than green. Our great market watcher Bob Pisani of CNBC fame, notes the poor performance of interest rate sensitive stocks like reits and homebuilders obviously alluding to the continued rise in long term rates. He did not mention why the brokers, also interest rate sensitive, have flipped green with GS being up a beaner and a half. Quesition for the bears, if the economy was going into recession because of the inverted yield curve, do we now avoid one because of the rising long term rates? Inquirinq minds want to know.