Early morning woes

One additional reason I forgot to mention adding to yesterday afternoon's selloff - The Fed is releasing their FOMC Minutes today.  That always creates some slow down in the market.  Look for the market to trade down/sideways until after the meeting.  Who knows how the market will react to the news - no matter what the news.  Lower interest rates could spook the market into a sell off, or it could encourage it to fly high.  We'll see.  None the less watch the minutes after the report - that's always exciting :)