Zeev's Turnips Patch-No Politics (ZEEV)

[wstera2]

13:56 ET Investors throw winners into the fire; a good sign? : Much of the destruction occurring today is taking place in the market's leadership stocks. As tech was breaking down, groups such as Healthcare, Retail, Defense, and Homebuilding were consistently breaking out to new highs. One example is Johnson & Johnson (JNJ). After breaking out to a new 52-wk high just over 3 months ago, stock has given back its entire Sept-Mar gain, today trading at a new 52-wk low. Biggest downside standouts on the session are Drug Distributors: ABC -10.6%, MCK -5.5%, CAH -4.4%; Retail: CHBS -8.1%, AZO -4.8%, S -5.4%; HMOs: HUM -5.8%, WLP -4.4%, TGH -2.7%; Truckers: KNGT -8.4%, HTLD -6.3%, ROAD -5%; Homebuilders: HOV -5.7%, TOL -4.1%, LEN -4.1%. Could this be the capitulation that Mr. Biggs is referring to.