20 January 2010

The Stock Market Stinks

You can see the charts we typically print on this blog at our server at tableau.nyic.com. frsbeta:mkt2010

What you'll see there? With the exception of a few regional banks lots of sellers. Esp. for my RRs and the techs. You'd expect high beta stocks to get hammered and they are. But low quality (low VMO) names are doing better. That tells me that today is one day and the market has to pick a theme.

John Paulson is doing well today as he has since mid-December. Most money managers are down with the market. You get what you pay for.

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