Depending on your moral stance on investing in the "sin" stocks (tobacco, gambling and others) you may view the drop in LO today as an opportunity to buy.  I think it is.  These stocks are under owned largely because there are large funds that specifically exclude them from their universe.  I understand the stance and respect it.  That said, it does provide an opportunity for others in the market that are not as concerned.

Bonds today found a bit of footing, as did stocks, when Bullard of the Fed came out with what I mentioned yesterday - that the Fed is not moving anywhere away from the easy policy any time soon.    My current thinking is that stocks provide better upside and bonds may take a small hit from here.  They are still good, but stocks are better.

I also like RAX and icon tinge to buy on this big adjustment downward.  I believe wholeheartedly in the cloud computing and RAX will be well positioned.