Void Of Emotion

  • This market feels completely void of emotion. The market has had a mini crash in the past few days and at the lows today the VIX was barely rallying. It is now lower on the day.

  • There seems to be a lot of put activity again today, which makes the previous bullet point even stranger.

  • The bottom seems to be completely falling out of Bank of America and Citigroup. What happened to them normalized earnings?

  • Paulson really cant catch a break with Bank of America and Citigroup making up nearly 25% of his equity holdings.

  • iCloud=height of stupidity

  • If cloud computing weren't the buzzword of the day Apple's online media storage, aka iCloud, would barely deserve a press release. Apple earns $20 billion a year. This is not moving the needle.

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