BIGGER SELLOFF
Markets selling down hard on news of tanks rolling into Bankok and words out of YHOO CFO that the company expects to deliver at the low end of the range for the third quarter. Is it warning season yet?
That news is dragging the NAZ -23 and big dog GOOG -20 along with it. Market internals are now strongly bearish with each exchange showing in excess of 1,000 losers over winners.
The brokers were being buoyed by GS earlier but they have now turned tail on the heels of the tanks and the YHOO warning.
President W is about to speak and the market usually falls when he does so just a heads up.
Checking the sectors, reits are still green while just about all the rest are red with the worst being internets, metals, semis, trannies, biotechs and techs.
So is this a preview of more warnings to come? And how come Adam is becoming the King of YOUTUBE and I can't get a photo to load?
That news is dragging the NAZ -23 and big dog GOOG -20 along with it. Market internals are now strongly bearish with each exchange showing in excess of 1,000 losers over winners.
The brokers were being buoyed by GS earlier but they have now turned tail on the heels of the tanks and the YHOO warning.
President W is about to speak and the market usually falls when he does so just a heads up.
Checking the sectors, reits are still green while just about all the rest are red with the worst being internets, metals, semis, trannies, biotechs and techs.
So is this a preview of more warnings to come? And how come Adam is becoming the King of YOUTUBE and I can't get a photo to load?
posted by DAVID at
12:03 PM
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