Just a little more perspective on the big selloff we’re seeing this morning.
We’re now decisively below where we bottomed on the day of the flash crash, as S&P futures are currently at 1043, down 23 points.
Based on this morning’s futures, the Dow just has another 200 points to fall to hit its low of 9625, a pretty remarkable thing considering how much of its fall was due to the wild trading in Proctor & Gamble.
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