EVEN UGLIER

Some ugly year to date numbers and my guess is the markets are actually worse than the media admits:

SPX -8.5%

DJIA -10.5%

NDX +2.1%

NAZ -2.7%

RUT -10.2%

MID -6.1%

BKX -41%

C -48%

BAC -60%

JPM -22%

XLF -29%

GS +14%

MS +43%

IYR -23.7%

RMZ -27%

MSH +3.2%

SMH +2.8%

GOOG +16%

AAPL +16%

WMT -17%

GE -29%

Tech acts well and out performs big time - lets see for how long - and maybe some reversion to the mean (doubt it).

And the chart- GE vs. SPX.