Bought some MPEL today close to all time low for the stock which coincidence with the much awaited opening of Crown Macau. Macau experienced some 46% revenue growth year over year for the first quarter of this year. Melco is the only Macau pure play available and I think long term investors will be well awarded. TheStreet.com has some more in-depth coverage of the stock for the interested.
In other news; WFR will be added to the S&P 500. For the broad market I think it is very healthy to see some selling, I can't remember when I last saw a 17 point drop in the S&P futures. Google is a under-performer that is showing some strength.
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