We've had a lot of bad news today -- the economic data, Cigna and the insurance sector is doing poorly, a bunch of companies missing estimates or warning -- but this is a market that really doesn't want to sell off,
It's a pack mentality, ... If LSI is showing a revenue slowdown, then we're going to sell everything that is related to semiconductors -- and that's why Intel is down.
There's been plenty of reasons to sell stocks today.
It's a 'buy on the rumor, sell on the news' type of market, especially in the telecom and tech sectors,