10.27.2008

THE RANGE


Markets continue to bounce around with the DJIA/SPX not far from the unchanged line -


Market internals - as usual far worse with the NSYE showing 1050 net losers and the NAZ with 850 net losers.


Telecom, financials, retail and real estate continue to lead;


GS getting hammered- while the XLF is green by about 2%.
The last thing I am saying is that the lows are in but we still haven't breached the lows of October 10 despite that it feels like we go lower every day.


VIX + MORE with a note on declining volatility;


Washington Post with an article on the sales increase in what may become a staple of life;

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