Nice report DK - but as I have been looking my collection of charts - the market action appears to be an overreaction. I suspect the small fry are leading this charge - just because it is supposed to happen. Why would utilities drop like a rock with rates dropping? Raking them chips off the table is about the only answer. I bought a few utilities at the close today for the LT port. Maybe they have more to go - if so, I'll buy more.
Bottom line - absolutely NO buyers today. Look at that volume ratio. That gets my antenna up. Maybe the bears are really in control - but I have my doubts. Too damn obvious if you ask me.
