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MARKET WRAP/PRE MARKET

ByGary Kaltbaum

Sell them into the close and just gap them back up.

We remain in the most divergent and narrow market we have seen since 99. We remain in a market where growth versus value is at a record extreme. We do not know how long it lasts but it is still going. The NDX is only down 7% from highs while RUSSELL 2000 is down 27%, TRANSPORTS 30%, REGIONAL BANKS 40%, BIG BANKS 31%.

TECH, SOFTWARE, INTERNET, STAY AT HOME STUFF, BIG CAP OVER SMALL CAP.