Stocks

[stonegossard]

The Dow looks like it is approaching a key level this morning. Gonna open below 10k. There is a New Home sales number coming out this morning which will be critical...and if it is anything like yesterday's home sales numbers it will be very ugly.

Hoping Smooth Operator put a halt to his accumulation of stock the last few weeks. August is turning out to be very ugly. The market can only disregard what's really going on in the country for so long before it has to react. That's what you are seeing now. Plus the market rally in July was on little volume....that usually tends to be a bad side.