Stocks closed broadly lower in follow thru to the Fed's "Twist" move yesterday. As I said earlier, it's amazing how sentiment and news can change that quickly. Prior to 2 pm yesterday, things looked fine, after 2:15 pm, it's all doom and gloom. It's all BS to me. Here's how we closed:
Dow -391
Nas -82
S&P -37 to 1129
The good thing is we did close above 1100 on the S&P. A move below that would cause me some concern. Until then, it's just trading.
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