CNBC Power Lunch January 21, 2014
Around 1840 on the s p 500. Nobody was particularly talking about that as a technical level but we did see suddenly a raft of sell programs come in a little after 11 00 as we hit that 1840 level and the markets just dropped lower. There is two reasons why the dow is underperforming the s p 500. The first is that there are three dow components out with earnings and all of them are trading to the down side, not because they were necessarily terrible earnings, but investors sold right on the news. Johnson johnson beat but the outlook was disappointing. Travelers had a very good beat, good numbers...