Feels Like a Bear Market

For the second straight day the market reversed sharply to the downside. This is the worst two days of action this year. It wasn't just the fact that it is down more than 1.5% but the fact that the bounce attempts failed so quickly and completely. That is something we have not seen in 2013.

In the bigger scheme, we really haven't corrected all that much but this feels like bear market action. Breadth was very poor, with 1350 gainers to 4200 losers. Market players are looking for exits and the dip-buyers have completely disappeared....1109 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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