Thursday, April 15, 2010

Weakness in REITs / C

I know I am picking at straws but there has been some weakness today in the REITs and also in C, I think we've reached the point of maximum optimism for financials, REITs, and tech.  Despite the extremely low equity put/call ratios, we have basically traded close to flat on the day.  Usually you don't see very low equity put/call ratios when the market is just flat.  I think the market could have a sell on the news tomorrow after GOOG and BAC announces.  The Street is leaning too bullishly going into these reports. 

1 comment:

Petsamo said...

There was also extreme weakness in US Steel & the rest of the steel industry.