4Q 2011 Advance GDP is out tomorrow morning.
The selling today had little volume behind it, and it looked more like a consolidation than a top, at least so far.
I'm flat the market now, and waiting to see what happens next.
"We sit by and watch the barbarian. We tolerate him in the long stretches of peace, we are not afraid. We are tickled by his irreverence; his comic inversion of our old certitudes; we laugh. But as we laugh we are watched by large and awful faces from beyond, and on these faces there are no smiles."
Hillaire Belloc