Did I miss a news story?

Philly Fed came in with a surprise... so who is done for the day? I got up late, was taking a whiz, came back to the computer and missed a fifteen point run...
 
Philly Fed was at 10, 10:20 is when the major dump took place.

I think the OP meant news that just broke at 10:20 not Philly Fed or Lead Indcts

Quote from maxpi:

Philly Fed came in with a surprise... so who is done for the day? I got up late, was taking a whiz, came back to the computer and missed a fifteen point run...
More...
 
Quote from maxpi:

Philly Fed came in with a surprise... so who is done for the day? I got up late, was taking a whiz, came back to the computer and missed a fifteen point run...
More...

Not me. Looks like the market is clawing its way up that phantom drop.
 
You could see the market turn in anything from oil and the USD to equities. I was also reading some large blocks of trades being dumped on a number of commodity stocks before the broader markets turned.

This is not a news driven event, it's the new dominant trend taking shape after the bull retrace reversed. Since I'm seeing this across all asset classes I'm going to assume this trend is a continuation of the deflationary trend we had between September '08 and March '09.
 
Quote from FerdinandAlx:

You could see the market turn in anything from oil and the USD to equities. I was also reading some large blocks of trades being dumped on a number of commodity stocks before the broader markets turned.

This is not a news driven event, it's the new dominant trend taking shape after the bull retrace reversed. Since I'm seeing this across all asset classes I'm going to assume this trend is a continuation of the deflationary trend we had between September '08 and March '09.
More...

Either this is a great buying opportunity...

...or we've hit top.

Funny, that's always what the two choices are.
 
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