It’s Getting Ugly

I’m sure all the folks getting massacred today are feeling better now that CNBC keeps telling us it’s just on light volume. Bill Griffith seems personally offended that the market isn’t “up”, after all things aren’t that bad. If this is what happens on light volume, I can’t wait to see what happens when the heavy artillery does upon there return from the Hamptons.

I’m mainly short steel and coal as that group seems the most vulnereable. I am wondering if the soft commodities start to really cave in later. The financials are a disgrace as usual.

If your long, dont worry, “it’s light volume and the market should be up”. Just ask CNBC