OH CANADA

Equities were pretty ugly yesterday as the SMA 50 on the SPX was quickly passed and now sits about 15 points above the close.

The VIX as ugly as it gets moving up 24% at 30.69 and about 28% above the SMA 10- VERY OVER BOUGHT.

All that said - SPX about 6% off its 1101 high from October 21-

Barron's with a nice article on the Canadian banks and how they are in better shape than ours - of course Canada also has lots of resources including metals and oil- and probably a better place than ours for investment - note the pullback on the EWC - probably a pretty good place to buy some - for a long term investment.

VIX+MORE with his pullback/VIX take;

How bout that uptrend?;

BESPOKE with lots of great stuff;

Cheney- just can't recall- and just won't go away;