Yesterday's decline qualified as a 90% down volume day....brutal intense and took the averages below support levels.
Remember we had been watching the VIX for further weakness but it gained support near 40 and has been rising.
Oversold, again mkt not able to stem the slide, bad sign.....did anyone REALLY expect upbeat economic data?
Hope ain't enough friends....as the layoffs and cuts in spending sprial so do our recovery hopes....
D
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