Toppy and Sloppy again. Out of the gate fairly firm this morning only to lose momentum as the day progressed. Is this three strikes and you're out with the S&P 500 stalling out for a third day? Or, just waiting for the latest indicators on the economy including housing data and jobless claims tomorrow morning?
Former Fed head Alan Greenspan threw a wet blanket on the proceedings of the bulls by (and remember he is now a gainfully employed bond guy) proclaiming that the floor will soon be removed from the Chinese stock market. Ya think?
Stock players have also been keeping a wary eye on the bond market: 10-year yield at 3 1/2-month high.
Fifth Third (FITB). I more than doubled on my calls and dumped them. No news to explain that thundering options pile on. Perhaps I should have held some, but "sell too soon" are not bad words to live by when a gift-option practically falls from out of a blue sky.