Yesterday three very well managed corporations, all with flawless business models, announced good news and all have been trashed by traders.

First was Cisco (NDQ: CSCO). Next came Four Seasons Hotels (NYSE: FS). And now Dell (NDQ: DELL).

One look at the charts will tell you the mood traders are in today as Crude Oil, Gasoline and Fuel Oil are all striking fresh highs, and the USD continues to fall.

The DELL chart has not yet reflected the opening that's ahead for this stock today. In pre-open trading, DELL has been down "8.0 pct to $36.55.

Some spectacular operating results in all cases has failed to impress.

As I say, when it's time, it's time.

RED SKY AT MORNING.

Of course, that's not true if you're long gold and gold shares. Even the Chinese know that red and gold go together.

Like Bill Cara and capital markets. ;-)