I don't like the way this thing is evolving, the equity P/C ratio was under .5 all day and the internals (including the sox) are not really with this. I would not b surprised to see a turn down tomorrow, maybe a G&C going to the 2007/11 range and then taking few days of solid down. Went to sleep relatively heavy in cash at 56%. Mostly because I could not resist profits in old favs like QLTI and BLTI, and took some crazies (WAVX) off the table as well.
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