Strike two to HedgeJob who will be clapping and saying I told you so.
Nothing much being spared on the resource front. I do not follow the banks/industrials/reits but I assume they are down as well.
It looks like nobody believes the upday the US had last Friday and in the light of probable weakness in the Japanese market (and perhaps other western pacific markets) people are taking shelter.
Do we get a bounce later today? I suppose this may depend on what happens in the other markets.
Where does this end? Back to May 2010 lows? Will it be a very rapid fall to the bottom?
loki
waterfall monday
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