YES, that's right! Only a fool would hold on to big profits in the face of major data and the guys who trade for the big banks aren't fools.. where they go we go.
In order to even test new highs we'll need major new highs in equities and we just failed to make new highs there. We'll probably need another ten points in the S&P for Euro to break that double top.. it's just not going to happen in NY