dean curnutt of macro risk advisors will be joining us. this is bloomberg. ♪ viviana: this is "bloomberg daybreak." is in talks to sell a timber hood stake -- a 10% stake of universal music to tencent holdings, valued at $36 billion. tencent has the one-year option to double that stake. to findhad planned other partners to buy minority stakes. according to compensation consultant johnson and associates, bonuses for equity traders could fall as much is from a year earlier. fixed income counterparts could see a and percent drop -- a 10% drop. barney's new york filing early today for bankruptcy protection. at the boutique have squeezed the company. alix: take a look at this. this is the oversold versus overbought level. we went from overbought to oversold in six days, huge move. joining us now, paul siena, bank , bankrica -- paul ciana of america merrill lynch chief technical strategist, and dean curnutt, macro risk advisors ceo. paul: we expect there could be a bounce. but the bad thing about oversold conditions is it traps longs. these head