Nice post @zerohedge
Its unfortunate but the stock market has been a bubble for a while now...
Anyone believing that the Dow was going to hit 30k ..
well..
I got a nice bridge to Brooklyn you'd like to buy.
I don't expect today to be as bad as Monday.
Infact i think it will be a slight decline...a slower one..though i expect 10-20% more in the next few months.
A slow blood letting.
A true correction.
If anything...the yen seems to have become (at least for now)became a safe haven...
The yen rose 0.3 percent to 108.79 per dollar after rising 1 percent on Monday.
The euro was barely changed at $1.2376.
The pound was steady at $1.3966.
The Australian dollar traded at 78.39 U.S. cents, down 0.4 percent.