JULY PUNCHED

Seven months down in this brutal year for long term investors and some interesting stuff:

SPX -14.2%

DJIA -14.6%

NAZ -12.9%

NDX -12.4%

RUT -6.5%

MID -6.7%

Small Growth -4.3%

Small Value -12.4%

Large Growth -13%

Large Value -15.5%

EFA -16.7%

Small and Mid caps faring far batter than the big cap/tech heavy/European indexes;

AMGN +35%

IBB +9%

XLE -6.3%

XOM -14.9%

OIH +2.9%

GS -15.4%

BKX -24.1%

HUI -4.7%

GOOG -32.3%

MSFT -28.5%

GE -23.9%

RLX -14.5%

XAL -38.6%

TRAN +8.3%

Also, hard to believe how poorly XOM XLE are faring in light of $125 oil- XLE is down about $18 from its May High while XOM is down under $80 after hitting $96+ in late May;

Note the bounce of the small caps off the recent bottom compared to the SPY and how the VIX is unchanged for the year.