Market Not Lovin' Obama

The market is down today, and given the internals, looks to be headed even lower. This is consistent with inaugural days, where the market is down around 70% of the time. I'm in puts today anyway, so I'm happy, but as an Obamaniac, I would prefer to see more enthusiasm for his arrival. I guess the market wants performance, not hype (completely out of character for the market, I must say!!!)

Market Failure?

Anyone with any idea what the market is doing today, let me know. I can't find any real reason why the market is tanking today. All my internal indicators are positive (if weakly so), there's no real striking news (jobs? not unexpected. Satyam? Is an Indian computer company that important?) Bonds are flat, gold and oil plunged, there's no real trigger for today. Color me confused today.

Update: Okay, maybe the Intel news leaked.