It's Ugly Out There

Gap-down opens on Monday morning usually attract some dip-buyers, but they are shying away so far this morning. The news flow is just too gloomy, and conditions are too uncertain, for folks to even trust in a small bounce. The market is already making a new intraday low as I write this, although breadth is off its worst levels.

Thus far, we're seeing than four losers for each gainer. Gold, fertilizers and agriculture are leading, and banks and oil look particularly poor. There is no true leadership -- just a few very small pockets of trading action, as we're witnessing in small biotechs and fertilizers....75 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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