All the sacred cows of one year ago are getting decimated,

All the sacred cows of one year ago are getting decimated.

I think the market has done quite well in what is supposed to be the worst month of the year, but at some point you're going to run into an overbought condition.

The popular indexes have managed to reach 4 1/2-year highs, while small and midsize indexes flirt with all-time highs. The lack of sustainability is likely due to the senior citizen status of the bull market, now in its 41st month. The restless rotation is keeping hope alive with money shifting from energy stocks to home building to technology to financials.

When you see this kind of quick move, that's a mechanical sell program from one of the brokerages,

Sacred cows make the tastiest hamburger.