Liquidity

It's a tough market. Apple, however, woke things up a bit with a promised 7:1 split. Technologies that contribute to the common good still have legs.
L2 is a reflection of market liquidity. Apple's buy back adds to liquidity. However, Apples bond offerings and things like IPOs reduce the liquidity relative to the market. It is all about supply and demand.
The tax collector collects more tax when there is greater payroll and less when there is not. It turns out that the tax collector's success correlates closely with liquidity in the marketplace.
This time last year, month to date federal tax collections from all sources amounted to 22.3 billion dollars. This year, the month to date collection of 216.9 billion exceeded last year by 5.4 billion or 2.5%. Year to date gain is 6.8%. Current market movement correlates loosely with the daily year over gain or loss with a couple of days lag time.
The last couple of days, the year over revenue trailed. Check it out.  http://www.fms.treas.gov/dts/index.html