Monday, December 18, 2006

Nasty Action

Sometimes you hear about a "post options-expiration hangover". If that's what today is, I sure am feeling it. Now you know why I don't like markets that open strong. When they fade, it can turn ugly.

Small caps are taking it on the chin (-1.5%), but nearly all sectors are lower. Energy and commodities are down the most (-2.5%), followed by biotechs (-1.0%). The only sector that is higher are financials.


At 7:53 PM, Blogger Peter Cantropus said...

Terrific post.
In a couple of lines it frames the whole action of this really nasty monday 18 dec, and puts it in perspective.

Hoping not to be excessively flattering, this is what makes this one of my preferred market blogs: incisive, to-the-point, short-phrased.

Impeccable job, buddy.

Merry Xmas from an investor from Buenos Aires, Argentina.


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