Terrific Tuesday Traders Searching For Better Buying Prices

While there are still many hours left in the day... Tuesday does not appear too terrific right now... another triple-digit range in the Dow and high-beta homebuilders at week's lows (down 3%)... news is few and far between but modest strength in JPY (and NKY -200 from its earlier highs) and chatter over SAC's liquidation is to blame for now (though yesterday's perfect 50% bounce suggested it was always short-lived)...

Finally news broke at around 1pm ET that the BoJ's REIT-buying program was approaching its limit and that seems to have coincided with a leg down in homebuilders (and the market)...

 

 

    



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