The downdraftseems to be accellerating.
The latest weekly initial claims report showed a decline of 30,000,which sounds great. But,apparently, they are checking to see what caused the dropwhich may be in part due to leaving out a day that was missed!.....If so, (and they say is happens fromtime to time) next week will be adjusted upward.
Meanwhile, at Wall & Broad, they are slowly but surely eating into the gains we started out with this AM. However, VIX is down to $15.69 as I write so the CME guys are either out to lunch or not frightened by anything going on.
Alls well in the alternative universe we call home.
I think I am misguided and confused or the oral surgeon pulled out more than a root.
I will re-visit and search through his garbage can. So until I get back that portion of my lost cerebrum, I won't operate any heavy machinery OR pontificate on the well being or ills of our financial markets.
GL to all.