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The market is ready to do something it hasn't done in over a year -- decline over 1% on two straight days (the record is four). The cyclical and small-caps are getting pounded, and the 30-year Treasury broke through 5.3% today.

Energy stocks opened strong yesterday, but have nose-dived ever since. The Dow Oil & Gas Index (^DJUSEN) is currently down about 3%.

Posted by edelfenbein at May 12, 2006 3:51 PM