Complacency Gets Slammed

Last week it was the bears who were caught by surprise when the market levitated straight up all week as if all our global problems were solved. This morning it is the exact opposite. We are being slammed, and anyone who was lulled into complacency last week is now scrambling to get out of the way.

Breadth is about 9 to 1 negative. Oil-related names are being crushed, and banks, retail and gold are also seeing heavy selling. All major sectors are in the red, and all the big-cap momentum names that attracted buyers last week are under pressure....145 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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