We have the Philly fed and weekly jobless claims on tap for today as the market will try to shake off yesterdays profit taking session. Yesterday the greenback hit multi- year lows against the Yen and Euro and that will be a point of interest going forward. It’s snowing in Vegas so I don’t rule anything out anymore.
Many sectors are getting over sold but that isn’t a precursor of anything anymore, it’s just something to be watched. Fairfield Greenwich Capital may sue their auditors over the Madoff affair, give me a break, sounds like the two drunks in first class that are suing the airline for over serving them.