Today's negative action on extremely high volume verified that many hedge, institutional and mutual funds were selling today on unexpected bad earnings. This trend will continue and SYY could reach new lows in the next few days. What to do? STAY AWAY from SYY. There are just too many alternative choices that can make you money such as AA, DOW, GE, URE, UYM, LM, LVS, SIRI, CMI, BIDU, ROM, CAT, DE, TCK, SPF, MDR, BWC to just name a few. Good luck!
i see you're one of the many 'cattle morons' who feel more comfortable buying stock's at or near their highs. well not me. i step in after there's blood.
i bought CSCO at $19.20 after it got clipped in Nov, and as usual, there were people like you saying the exact same thing. well, as usual, a few weeks pass, and all is forgotten, and the future never turns out to be as bad as everything thought. 10000 shares for $2 profit each ain't bad for a month and a half.
i did the same thing with JPM in oct, as well as with WFC.
i'm buying SYY now, much to the disbelief of yourself. you will get killed holding and buying stocks that are at multi-year highs (which most of the stocks you named are right now). the market WILL correct! and the ones that will get punched down the hardest will be the likes of CAT, and all those high flyers, and you'll probably get caught in it.
SYY is a value play under $28. that's my opinion. and i'll be selling it once it gets over $29 btw. thousands of shares, and i'll clip it for a buck in a couple months.