Risk on? Not exactly, as stocks are at heavy losses; Nasdaq may have hit bottom, now down just...

|By:, SA News Editor

Risk on? Not exactly, as stocks are at heavy losses; Nasdaq may have hit bottom, now down just 1.6% to 2,516, but the S&P 500 is -1.4% to 1,196 and the Dow -1.1% to 11,163. Among sectors, basic materials is heading toward a 3% loss and metals are hammered: gold -2.7% to $1,365; silver -5.6%; platinum -3.5%; copper -3.1%.