WFM is next on the drop list...all the favorites are exploding...CMG, GOOG,AAPL, CRM...Let's face it, WFM's days of a unrealistic nosebleed valuations are numbered..Watch this sucker return to the low $90's faster than a drop of a hat.
It isn't imploding. WFM been hanging around the 98 range for awhile now, so now it is 93ish, big deal. This could be the start of it, but what is going on is a market reaction to Europe once again, earnings, Presidential race, China, Middle East, Jesus face on a napkin, whatever. Y'll know it is a load of crap, I hope. Maybe we can profit from a pullback, correction, but don't be scared though. Just a bad day in the market, but time will tell.
don't pee yourself :) I would hardly call the action imploding, and if 10 % retreat is a nosebleed reverese move in your book, wait til you have a couple years in the market to see what a real move is.
Other than than, a fine assessment of todays action.