Remarkable, 3.5% off the highs, back to December 16th levels and everyone freaks out!
This is what happens when you have a half a trillion dollars of stock purchased on credit. The debtors are nervous, at the edge of their seats whenever there is a pullback or slight correction. I haven't been a bull in years but I'm not about to gloat because of a 3.5% pullback. There is so much money floating around that it would be difficult for this market to fall apart and considering the fact that the market is a tool the socialist government is using to maintain order they will step in soon enough to turn the ship. This selloff is staged to get the Republicans to raise the debt ceiling without any fuss. If they don't the Dems will blame them for any correction. It's all staged, it's all an illusion.
Adding to that, don't understand the fact that Shanghi was actually UP 12 points thurday night, friday morning? IF china is one of the main culprits for the selloff, how is it that their market was actually up in midst of an asian/emerging market correction. makes no sense.