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[trioderob]

todays was driven by fundamentals........ "The unemployment and housing data was followed by a blow to the gut of Philadelphia’s Federal Reserve bank, which issued a much weaker than expected manufacturing report for the state of Pennsylvania. Yesterday’s Empire manufacturing report composed by the New York Fed set many expectations for worsening business conditions among U.S. companies, and indeed, the Philly Fed’s index came in at -7.7, down from 3.9 in May, and more than 10 points below the expected positive 7 for the month." (yea I bailed my long position from last week - took a 1% hit - still way up for the year.......)