The dip-buyers don't have much juice so far this morning and have been quickly turned back twice as we make new intraday lows. Breadth is poor at around four losers for each gainer, and all major sectors are red. Oil, banks and retail are all being hit pretty hard.
We have been due for a correction for a while, and the poor European news flow is providing a catalyst. We have been able to ignore the eurozone for a while but there was no way it was going to go away for good with so many unresolved issues still out there....180 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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