"The Pain in Spain: More Room for a Short ETF Bet?"

Sabrient's Daniel Sckolnik was quoted at length in this article by Ronald Fink in Institutional Investor:

Walmart-Gate, Dutch-Gate, Netflix-Gate, Exit-Gate!

This could be the “exit gate” but probably not.  Over the weekend, the New York Times released a blockbuster story about Walmart’s (WMT) alleged massive cover-up of serious violations of the U.S. Foreign Corrupt Practices Act involving more than $24 million dollars in bribes to accelerate store openings and bypass permit and zoning practices.  The stock was down 4.55% today, at $59.54.

Here we are again wondering what the market wants.  Today, it clearly wasn’t Technology stocks, as various issues dragged both Apple (AAPL) and Google (GOOG) lower.

Last Monday was a banner day for most indices with S&P 500 hitting at new 46-month high of 1422.  Alas, a week later, today, it closed at 1382, down nearly -3%.  The NASDAQ and DJIA exhibited similar behavior.