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Friday, November 12, 2010

Market Correction: "THERE it is"

Gold Down 3% . . Mosaic Down 5% . . . Apple Down 3% etc.

If you're a fan of "30 Rock," you'll recognize Liz Lemon's signature line ("There it is . . ") when she spots the inevitable flaw in her prospective new, too-good-to-be-true suitor.

So, for everyone waiting for a break in what's been an uninterrupted tear for such things as commodities and high-flying stocks . . . "[t]here it is."

Whether today's sell-off is due to profit taking, or Cisco's earnings miss, or tightening Chinese monetary policy -- remains to be seen.

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