Morning Negativity
I find it humorous. We all knew/know retail is in the crapper. Lowes lowering was a given. Target was a bit of a surprise seeing how they produced a solid quarter the pervious go around. (Then again, I was calling for a consolidation this week, and here is the excuse to have one.)
The premises as to why the market went up w/the rate cuts was not to save retail, but to save the credit markets and to get money moving again. (Besides, the cuts need time to work into the system. Retail maybe the last ones to benefit from the cuts.)
My discipline made me cover the GS puts yesterday, and I stand by it (albeit, relatively annoyed 
. I saw some bullishness there, and the retail story was probably leaked causing the markets to go down yesterday afternoon.
Let the dust settle, and use this opportunity. Look to the QQQQ, TIE, GS, GOOG and other solid names you always wanted to get into.
