Stocks Tank, And Fall Below A Big Level That Everyone Is Watching

Stocks are getting clubbed today, with the Dow off 133.

Those fond of lines and scribbles and technical analysis on their charts — like Jeff Saut — will note that the S&P has crossed decisively below its 50-day moving average (the blue line).

Whether this has any predictive significance at all… we’ll leave that to others to debate.

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