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.
"Go now, write it on a tablet for them,
inscribe it on a scroll,
so that in the days to come
it may be a witness to them, for ever and ever.
For these are a rebellious people, deceitful children,
unwilling to listen to the instructions of the Lord.
They say to their seers,
‘Do not see!’
and to the prophets,
‘Say nothing of what is right!
Tell us only things that please us,
prophesy illusions."
Isaiah 30:8-10