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Dow Down 376...Can You Say D-Leverage

Markets took it on the chin again today as major indicies move lower another 4% setting up  May to be the largest pullback since November 2008.  There were few winners on Wall Street as stock pickers turn into technical analysts looking for logical support levels.  Friday will no doubt bring volatility which is at the highest levels since April.

Once again, fears emanating out of Europe (and China) swamped US markets, which got hammered for the 5th time in 6 days. Ominously, after some modest mid-day nibbling, stocks closed very near the lows of the day

 

But first, the scoreboard:

 

Dow: -376 (-3.6%)
NASDAQ: -93 (-4.1%)
S&P 500: -43 (-3.9%)

Disclosure: no positions