even with the risk of armageddon.......we still haven't corrected 20%.........in fact we are the only market in the world that is still technically in a bull market.........that is just unreal - just goes to show you how much liquidity is out there.
basic materials, energy, oil service. you know there is a heck lot of than just finance and housing on the s&p. these sectors are booming no matter what the size of cdos losses will be xes,xle and xlb are not even 10% of highs
careful what you laugh at, vix getting bid as the market holds in the 1290's (S&P). could be that circuit breaker day. anyone that has a red cent at bear is trying to get their money out. run on the bank.