THE CLOSE

Major market indexes sold off this afternoon on the heels of some statements from former Fed head Alan Greenspan regarding anticipated problems with the Chinese markets.

The DJIA closed -18, NAZ -11 and SPX -2 and a full 6 points below the all time closing high.

Strong sectors included metals, oils, brokers, retail, biotech and trannies; leading lower were semis, gaming, airlines, utilities, real estate, defense and small cap growth.

Big winners included NGA BWLD DXPE SNHY CENX MDT AA ROK AES S GRMN NIHD ISRG BIIB AMGN and BRCM.

Losers- MXIM LLTC CTSH QCOM NVDA AKAM JOYG MTOX SPTN VCLK EDU GME PTI CSC NSM MCD and TXN.

Volatility indexes ticked up with the VIX busting through 13 and the VXO near there.

Probably get a bounce tomorrow as comments like these from Greenie are generally quickly forgotten and dismissed.