an tSionna 11.30.09

The markets took a dive while I was away regarding a liquidity issue in Dubai. I've listened to people discuss this from a bullish & bearish posture. My take from studying the money flows is shown above. Basically we have an overbought market that took a "sell the news" approach to this bad news on Friday. Of course we might end up having a real crisis on our hands but for now I think we'll treat this as nothing big from a money flow perspective and see how it plays out this week.

*Long ETFs related to the S&P 500 in client and personal accounts.

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