Yea, S2007S, I saw that: https://www.marketwatch.com/story/the-stock-market-meltup-is-over-morgan-stanley-2018-03-19 What always pisses me off is that when the market plunges then they release some article about how something was a bad sign before the crash. Here, it was gross leverage, hitting an all time high in January. But why didn't you tell me that BEFORE the crash! its always backward looking, every single time.
News follows the market. @Saltynuts , the market is facing higher interest rates, keep increasing them and the market has to fall. Combine that fact with the weekly trends on the main indices are looking negative..well, what do you think? 30%+ decline from the top is not unheard of ...individual stocks can lose 50% in a week. Hell, the UK's largest tech company lost 50% today!
if this reverses lower intraday to close down then we test the FEB lows.. real fireworks will be tomorrow.. I'm expecting chop today