strucks are lower. in the negativity didn t just start today but got a kick by the fed we yesterday. they indicated the slump could last for years and didn t give us qe-3 with some thinking that the fed s maxed out and didn t have much impact on growth or interest rates. it is a risk trade off today. toward are buying government debt instead of stocks. the yield on the treasury hitting a record low. falling from 1.77%. late yesterday materials and energy stocks leading the market lower. these are companies that rely on global demand for infrastructure and fuel and they end to fall when the economy is in trouble. and cruel oil prices which is the silver lining is down 5%. here s something interesting, gold is down also. normally it would benefit, but the u.s. dollar is soaring and because it is so strong this morning, there s a liquidation of leverage positions, gold is going down with the bath water.