Sounds like the market to me!  The problems started September 9th when the Treasury Department decided to begin putting their grimy mits into the heart of the biggest thing in the United States that most people over in that building don’t understand; the Housing Market.

Of course, the Housing Market was a mess before they started doing something about it, but on the Technical note, the Housing Big 3 (otherwise known as FNM, FRE, and AIG) have taken the obvious brunt end of things since they all got bailed out.  The real question lies in why we HAD to bail them out.  If the Big 3 of the now is currently in a similar capitulation and free cash flow situation as the Big 3 of the latter, why the hell are we going to bail out the Housing Market and not a market that could put the state of Michigan out of commission and Anarchy ridden.  Does that make any sense to anyone?

Stick with strong fundamentals and oil.  AAPL is a good snag, and so are BTU and BHI.

 

– The Moose