re: sell-off
Greek debt downgraded 2 levels, Spain debt downgraded, ECB to raise raise interest rates about .75% in April, largest mthly US trade deficit ever, food inflation (check your grocery bill), Middle East/N. African political turmoil not ending anytime soon with possible shortage of oil (remember Saudi oil is of the thick variety & not the preferred type....also don't think they have all of the reserve oil supply that they want us to believe), Euro up vs the US$ (higher costs for everything the US buys.....can you say $4.00/gal. of gas in the US & probably $1.50 in Canada), no US housing mkt to speak of, China has an unexpected trade deficit & THE BIGGEST IN 7 YEARS. It's economy will slowdown.
Take your pick from the above as the reason(s) the mkt is in profit-taking mode.
AND TID does not live in isolation from the rest of the world. No one does anymore.
Mkt correction for awhile as worry about the world economy grows.
carlos