Help! We’ve fallen and we can’t get up!

By Barry Ritholtz

Today seems to be the first day the major indices have fallen, and are unable to muster a rally.

It is still early — its only noon EST as I type this — but I don’t get a feel for the market’s ability to come charging back.  That’s no surprise, given the over-extended over bought condition we find ourselves in.

Note that the Nasdaq (QQQQ) and the Russell 2000 (IWM) are leading tot he downside.

Hence, the news flow may amount to little more than an opportunity to pullback, consolidate, and work off some excesses of recent weeks. We will have a better sense as the correction unfolds if this is a minor (8-12%) pullback, something less, or something more.

Stay tuned . . .

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Deutsche Bank CEO: Bailout Risk Lurks for Hedge Funds

          By: MoneyNews.com

Deutsche Bank AG Chief Executive Officer Josef Ackermann said unregulated financial companies such as hedge funds may pose a systemic risk to the economy if oversight isn’t increased.
“You have an unregulated area which becomes — as a consequence of all the regulatory changes — more and more important,” Ackermann, 62, said in an interview at the World Economic Forum in Davos, Switzerland. “You may one day wake up and realize that the systemic challenges are so big that you will have to bail out or at least help support the unregulated sector.”
Ackermann’s warning echoes comments made by former U.S. Treasury Secretary Lawrence Summers, who said this week in Davos that regulators haven’t paid enough attention to problems that could emerge in “a large, less healthy buccaneer sector.” Hedge funds have dodged the brunt of new global banking regulation aimed at avoiding a repeat of the worst global financial crisis since the Great Depression.
“If you separate utility banks from casino banking, you will one day realize that casino banks are also counterparties to corporations but also to other banks and to asset management and to governments,” Ackermann said yesterday. “It would be somewhat naïve to assume that if you have a strong regulated sector and leave the unregulated in the open, that you will never have systemic risk.”
 

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Survivor Trading System - Trades of 27 January

I trades di Survivor System del 27 Gennaio. I risultati real-time sono a disposizione al seguente link: http://www.box.net/shared/5vajnzc4cp  

Trades of Survivor System on 27 January. Real-time results are available at the following link: http://www.box.net/shared/5vajnzc4cp

Survivor Trading System - Results of 26 January

I trades di Survivor System del 26 Gennaio. I risultati real-time sono a disposizione al seguente link: http://www.box.net/shared/5vajnzc4cp 

Trades of Survivor System on 26 January. Real-time results are available at the following link: http://www.box.net/shared/5vajnzc4cp

Survivor Trading System - Results of 25 January

I trades di Survivor System del 25 Gennaio. I risultati real-time sono a disposizione al seguente link: http://www.box.net/shared/5vajnzc4cp

Trades of Survivor System on 25 January. Real-time results are available at the following link: http://www.box.net/shared/5vajnzc4cp

Survivor System Trades 24 January

I trades di survivor System del 24 Gennaio 

Trades of Survivor system on 24 January