Bulls will get their chance to support this sell-off. We'll see if that is today, tomorrow next week or whenever. All we need is a little more bad news and we'll have enough momentum to break through prior lows. Bad omens: Oil down nearly $4 approx 5% 10year notes at record low. This is a deleveraging risk off deflationary sell-off with plenty of fear.
Short term traders are selling today and long term investors are buying. There will be an article about this in Barron's in a couple of days with data supporting it.
Tomorrow really again? I'm not sure, seems like allot of overselling and point shaving, sooner or later we'll be at nothing .