Market Recap: Today was a Brick

[youtube=http://www.youtube.com/watch?v=KakinPNRiDc]

The Reformed Broker, AKA Brian Fantana, here with today’s Market Recap

The Dow lost around 130 points, but surprisingly, Bank of America (BAC), Citi (C) and the other big banks were flattish all day. 

Here’s where the carnage was:

Laggards in Price Performance (Intraday)  
Office Supplies -6.40%
Internet Service Providers -6.30%
Resorts & Casinos -5.73%
Electronics Stores -5.71%
Farm & Construction Machinery -5.37%
Oil & Gas Equipment & Services -5.35%
Medical Equipment Wholesale -5.10%
Aluminum -4.76%
Long Distance Carriers -4.64%
Publishing – Books -4.58%

Gold and the gold miners were incredibly strong.  Is it because of inflation expectations or do we all just want to be John Paulson when we grow up (he’s been loading up on gold all Spring according to recent filings).

Anyway, today was a brick, so enjoy the Best of Brick Tamland (Anchorman) above. 

Thanks for reading and have a great night!

Full Disclosure:  No positions mentioned.  My commentary above is strictly a recap of market activity and not an invitation to buy or sell any securities.

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  1. Jay (market folly) commented on May 22

    hahaha love the anchorman references. I actually went as ron burgundy last halloween and was in character the whole night. Some of my buddies rounded out the news team as well, was hilarious!

  2. Jay (market folly) commented on May 22

    hahaha love the anchorman references. I actually went as ron burgundy last halloween and was in character the whole night. Some of my buddies rounded out the news team as well, was hilarious!

  3. Jay (market folly) commented on May 22

    hahaha love the anchorman references. I actually went as ron burgundy last halloween and was in character the whole night. Some of my buddies rounded out the news team as well, was hilarious!