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Trying to claw it's way back up... be interesting to see where this goes.
CNBC talking about hedge funds in liquidation mode. It would not surprise me. You saw the move up earlier this morning only to see a wave of selling into it. I added a little to long-term holdings throughout the day but I see nothing positive in the short-term unless 1) Yellen comes out with a new movie called "From Here to QEternity" or 2) earnings are considerably more positive than expected. With Citigroup down 4.3% and JPM 4.5% after earnings this morning (the latter was down nearly 7% at one point today), the second one is not looking real good.
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The day traders must be licking their chops with this sort of volatility.