Deep Market Thoughts...SUIT UP! LISTS READY!

It is here. Not armageddon, but a leaky panic.

Everything in the financial and real estate sector is in crash mode. On Friday, American Express chose to dump everything in the kitchen sink into a write-off. It’s is now down almost 40 percent from it’s all-time highs.

The leaders are not involved in the panic so it’s hard to tell if we stop right now or we come down another range or two. It still feels complacent enough to get a big Dow move below 12,000. That would be a place where I would be buying FSLR, Apple, AMZN, Gold, Oil, RSX, CMG, WFR, CRM, ILMN, IBKR, NDAQ, and CME.

That’s my list for now.