BAC news - Stress Test

Rumors out that BAC need 34 billion to sure up its balance sheets according to the stress test. Also the rumor is that 10 of the 19 banks failed the stress test, oh boy.


please read.


http://online.wsj.com/article/SB124147831175584985.html

VIX

Caution here on the long side as the VIX has broken support showing major complacency. Just the kind of thing the shorts look for to bite the late longs in the butt.

Tuesday

I posted this morning but realized it didn't get put up, seem like it was sent to my draft folder. Anyways I was thinking we would get an non eventful day and we sure did. Folks the verdict is in the air as were we are going to go from here but seems liek the bulls are in control for the time being.
Again the full stress test verdict will be out on thursday so we MIGHT i am not sure get another contraction day tomorrow, we will see.

MARKETJEDI