This afternoon the major indexes staged one of the worst one-day selloffs in recent market history, for the Dow it was the 9th down day out of the last 10, rough stuff.
As I stated Monday, the accounts I manage went aggressively to cash and short-term bonds but that doesn’t ease the pain on days like today even if you have just 5% stock exposure. Hopefully my commentary on CNBC Street Signs from 2:30 to 3 was helpful for the viewers and put some things in perspective.
Some video below, I’ll track down the rest later:
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