Malaise

Michael Kahn, writer of the Getting Technical column in Barron's Online, wrote that August is a real do nothing month yet again this year, noting that the market it not responding they way it should to its own signals. He also echoed my sentiment about news being good one day and bad the next.

Squawk host Bob Doll had some comments about favoring tech and energy and being underweight financials and consumer staples. What is interesting is that in the last five years there is not much precedent for tech and energy to have any correlation. We'll see what happens.

For what its worth I have increased tech exposure this summer but I am still underweight.

Most of my financial exposure is in foreign stocks.