Where Can We Hide???
With the dollar catapulting off the lows, once again commodity plays were scorched today, along with all of the financials. But of course, money never leaves the stock market, it simply moves from one Keno Table to the next. Money must be "working" at all times, constantly transferred to what ever table looks the best.
And of course today, the first choice was AMZN.
Second and third choices were the REITs, and the retail stocks, led by Radio Shack..
Even COH and WFMI were treated as "save havens" today against the relentless selling in bank stocks.