Sell Your Spiders and Head to Japan? (NYSE:SPY),(NYSE:EWJ)

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Sell your SPDR S&P 500 ETF (NYSE:SPY) and pick up iShares MSCI Japan Index (ETF) (NYSE:EWJ)…?  Well, that’s at least what one duo is suggesting. 

Citigroup and others Fuel the Dow Falling 268 Points (NYSE:C),(NYSE:SPY),(NYSE:FAS)

Bear Market - Stocks Fall

U.S. stock prices fell dramatically today as the Dow closed near 10,000 and lost 268 points for the first time in three months. High unemployment and unstable European markets may be the cause and fueling the fire today was Citigroup Inc. (NYSE:C), SPDR S&P 500 ETF (NYSE:SPY) and the Direxion Daily Finan. Bull 3X Shs(ETF) (NYSE:FAS).

Citigroup and others part of the Dow Falling 268 Points (NYSE:C),(NYSE:SPY),(NYSE:FAS)

Bear Market
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U.S. stock prices fell dramatically today as the Dow closed near 10,000 and lost 268 points for the first time in three months. High unemployment and unstable European markets may be the cause and fueling the fire today was Citigroup Inc. (NYSE:C), SPDR S&P 500 ETF (NYSE:SPY) and the Direxion Daily Finan. Bull 3X Shs(ETF) (NYSE:FAS).

Today's Most Traded Stocks: Citigroup, SPDR Trust, BofA (NYSE:C),(NYSE:SPY),(NYSE:BAC)

NYSE Floor - Traders

The most active stocks traded today were the usual suspects we've seen for months on end, the winner was Citigroup Inc. (NYSE:C), followed by the SPDR Trust, Series 1 (NYSE:SPY) and in third was Bank of America Corp. (NYSE:BAC).

The CBO Paints a Bleak Picture for Market Investors (NYSE:SPY),(NYSE:DIA),(NASDAQ:QQQQ)

Money Picture Dollar Bills

The Congressional Budget Office says the deficit will reach $1.3T in 2010.  They also claim economic growth will remain 'muted' for the next few years.  That could be tough for investors in broad market ETFs like SPDR Trust, Series 1 (NYSE:SPY), Diamonds Trust, Series 1 (ETF) (NYSE:DIA) and PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQQ). 

Predicting Short-Term Stock Market Moves (NYSE:DIA),(NYSE:SPY),(NASDAQ:QQQQ)

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While it is not exactly possible to predict the future path of the stock market, Cliff Wachtel does help identify some forces and events that can help anticipate some of the upcoming market action. 

Today's Volume Leaders: Citi, SPY, BofA, and Sprint (C, BAC, SPY, S)

NYSE Floor - Traders

Volume on the major exchanges is light today but as usual leading the charge is Citigroup Inc. (NYSE:C) followed by the SPDR S&P 500 (ETF) (NYSE:SPY), Bank of America (NYSE:BAC) and Sprint (NYSE:S).

Time to Buy SPY

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Even though the market has rallied substantially from March lows, it may be time to go long on SPDR S&P 500 (ETF) (NYSE:SPY).  One of the top strategists is suggesting that very thing…  One who predicted the financial meltdown. 

Taleb: "Roubini Is An Optimist".....We Are All Doomed

Nassim Taleb

Just in case you weren't think about building that bunker in the basement this weekend

Short Seller James Montier is now Bullish, go SPY

Bullish (Bull Market)

Well-regarded short-seller James Montier has "Never Been More Bullish" according to Bloomberg.  So what is he buying? Let's review his shopping list.

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