The market is still very fragile.
Lots of traders on margin long stocks and losing money and they need to get out.
Why were they not smarter and sold when they first heard rates were going up? Well isn't that the way it always works?
Denial is always the first stage before loss
Quote Tweet
Up since 4:00 am. Preparing for trading.
Hope I'm not waking anyone up?
Not much happening right now as that 30 point S&P futures gain is now down to only 12.
