Viceroy

Sweep the Leg Wrote:
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> We're a long way from capitulation. The S&P is
> just barely negative for the year. Lose another
> 10% and people will worry. Lose another 20% and
> people will begin to capitulate. Plus, we still
> have Friday's payroll report that's going to be
> disappointing.
>
> Watching the 10 year yield is pretty
> interesting...

I agree the jobs report tomorrow is a big thing and few people think it'll be pretty.

The question is who much of that has been discounted in the current equity price.