At these levels - speculators and others working on borrowed funds or margin loans HAVE to sell they have little choice. Once they get cleared out I suspect there may be a V recovery - the market is likely oversold. When it does come (with algorithmic trading) it will happen so fast on the real bargains most will miss the bus. We have had 1 dead cat bounce will we get another or just a sharp climb.
Today is panic selling I think it possible the market will rationalize over night depending on US lead,
A great time for those with the cash to buy and hold quality with a future and UCM will likely be a selection for those who have researched its background.
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