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.
“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception