Wednesday, October 28, 2009

Small cap annihilation

Dow is hardly down and very little mention of the under the surface weakness on CNBC.  The Russell 2000 is getting crushed for 2.5% at the moment.  We are still only down about 1.2% on the SPX so there is still a lot of downside available for today despite the horrible breadth readings.  Bulls are not liking what they see at the moment and will probably push the eject button if we start trading lower into the close.

1 comment:

Anonymous said...

I call bottom dawg. Load up... like Ms. Pacman. Eating all dots, goblins, cherries.