Although I remain a bear on stocks, honestly, by this point I wouldn’t have been at all suprised to see some sort of mean-reversion play on a one hour periodicity.
We’re just not getting it.
Near the close of trading on Friday, the S&P 500 Index had dived by -1.67%, or 22 points. The Dow Jones Index had tumbled by over 209 points, or -1.17% .
That speaks somewhat, to the mood of the auction
Sometimes, the market just wants to come to a grinding halt …