THE UGLY

As is the usual case in bear markets, markets closed at the lows of the day and anyone shorting should have been able to make some decent money day trading.

Zero sectors in the green and the usual suspects being the worst performers- steel, gaming, brokers, banks, tech and homies.

Market internals- 3800 net losers on the NYSE/NAZ;

NDX/OEX with about 8 stocks closing in the green;

VIX- higher by 12% at 24.03- and 16% above the SMA 10;

OK finally any chance that the barracuda had something to do with this massive selloff- this guy thinks so.