Market recap: Welcome to Correctionville, as today's steep drop took each of the three major...

|By:, SA News Editor
Market recap: Welcome to Correctionville, as today's steep drop took each of the three major indexes down more than 10% from their 2010 highs. Stocks ended at session lows, and decliners routed advancers seven to one. The euro bounced higher in the afternoon, but its advance didn't help stocks. There was no big event to set off the selling, just waning confidence that the U.S. recovery can withstand all the global angst.