The rug has been pulled under the safe aggressive names, i.e. AAPL, RIMM, GOOG, BIDU. And energy stocks haven't really performed even with oil at $96. There is nothing really working right now except totally defensive names. We are the middle of equity liquidation which is only in the middle innings, all bounces are great selling opportunities from here on out. The year end rally is like the last bastion of hope for the bulls, and its reasoning is totally asinine, because its year end, no other reason which is logical.