- Some stock was bought two weeks ago after careful evaluation, with an iota of trust thrown the direction of the bullish professionals. Today, arrows have been able to pierce the iron side of the ship named "rally."
- An investor is unable to find new themes, neither in order to profit from the next big thing or to avoid a mini black swan event. (Maybe, on that first item, some went to check out SecondMarket and purchase a few shares in the latest video sharing startup with no revenue but a climbing valuation.)
- There is a sense that others have all the information and that, more often than now, the small guy gets the shaft.
- For purposes of simplification, I will group Northrup Grumman (NOC), Lockheed Martin (LMT), Textron (TXT), Arrow Electronics (ARW), Honeywell (HON), and CSX (CSX) as "heavy industrials" that have outperformed since the June bottom, but are now rolling over a touch. Track these for signs of fiscal cliff and of resurfacing euro concerns.
- Dollar stores Dollar General (DG), Dollar Tree (DLTR), and Family Dollar (FDO) are broadly lagging general retail names such as department stores Macy's (M), Nordstrom (JWN), and Saks (SKS). They're also falling behind Wal-Mart (WMT) and Target (TGT) specifically. These are "canary in the coal mine" stocks for how gas and food inflation may impact other consumer income brackets into year-end.