The charts show the market has started the downturn. CNBC can pump all they want, but the fact is that the big traders have been waiting for the sell signal and this is it. Watch for early mini rallies, then huge sell offs the 2nd half of the day for a while. Then huge sell=offs and gap downs for a while. Then just plain outright tanking all day long for several days. Once all this happens, the markets will finally try to find a bottom.
yes, but today they are putting on the BS a little thick. "buy on this dip" it hasn't dipped yet. Look at all the stocks that are losing 20%-50% IN ONE DAY In one comment they say growth is slowing and in the next say that the rally will continue. we haven't seen this much controversy since last summer when there was a true correction.