GOOD BAD + UGLY

January is punched and things are ugly yet again:

Up on the year includes:

MS +26%

SGP +3.1%

OIH +4.35%

GOOG +10%

AAPL +5.6%

GLD +5.5%

The Bad:

SPX -8.6%

DJIA -8.8%

NAZ -6.4%

NDX-2.6%

MID -7.4%

RUT -11.2%

THE UGLY:

BKX -35%

PFE -17%

BAC -39%

GE -25%

JPM -19%

C -47%

WMT -16%

The GE chart starting to look more and more like the chart of AIG- hmmmm.

And a terrific Gartman interview on Bloomberg;