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Of course there is a market sell off. Did anyone really think there wouldn’t be? The good news is; there is a market sell off and not a crash. If the market corrects enough there won’t be a crash (or shouldn’t be a crash). Right now the market is suffering from over exuberance and there are only two possibilities; either a series of corrections like we are seeing or a sudden crash. Which would you prefer?
Good points. And of course, the higher the market is, the greater the nominal corrections (800 points ain’t what it used to be).
Still stacking ASEs, but man, the premium mark-ups are getting pretty ridiculous. Nearly 25% above spot? *Sheesh*….
The market drop could be the result of a “blackout period” where corporations are prohibited from share buybacks before earnings reports