THE CLOSE
Markets sell off in the final few moments and the DJIA closes down 200, NAZ -46 and the SPX 28.
Strongest sectors- telecom, semis and banks-
NYSE- 1800 net losers;
NAZ- 1600 net losers;
NDX- 20 GREEN;
OEX- 13 GREEN;
VIX- closes at 80;
Light volume yet again with down volume about 8x the up.
Anyhow, 400 point range on the DJIA and 45 on the SPX- still didn't break the SPX futures of 825 earlier this morning. It is very ugly and I refuse to call a bottom - just waiting and watching for now- did however seem like FORCED SELLING into the close.
So the prior lows, still not breached and maybe we get turnaround Tuesday tomorrow.
One of Cramer's old favorites - at an unimpressive price.
And Chuck Todd giving the election to Obama.
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