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Ghost of Igloi
RE: Down goes the Dow
agip,

Unless earnings explode to the upside the selling will begin again. The most active trading on NASDAQ are primarily ETFs (7 out of 10 issues). Specifically: 3 x UP Oil, 3 x Down Gold, VIXX, SPY, EEM, XLF and GDX. The individual issues were BAC, CHK and VALE. It is hard to imagine anything fundamental here, unless you believe program trading foretells the long term direction of this market.

Igy

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