There’s still over two hours left in the trading day — plenty of time for the bulls to storm back and beat the bears into submission once again — but it looks like the shorts are finally set to catch a break.
The major indices are off between 1.5%-2%, as everything from financials to industrials to retail sags. Nothing terribly dramatic, just solid selling.
The Dow is currently down over 130 points but still hanging onto the 8,600 level.
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