From The Big Picture:
These things always seems to happen when I am traveling.
I have yet to fully tear apart the internals of yesterday’s whackage, but we may be looking at more than the run of the mill 5-9% correction that has been the downside limit of the rally dating back to March 2009.
This correction could very well be the first since the bear market bounce began to break the 10% mark.
Coming into 2010, we had...
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