Written By Basilio Chen

VN:F [1.9.16_1159]
Rating: 0.0/5 (0 votes cast)

Selling in all asset classes intensified by pressure created by the exchanges increasing margin requirements.  When margins are removed, leverage requires hedge funds and other major speculators to increase their cash position.  Increasing need for cash creates a circle of further selling.

Behind the scene notice that the Baltic Index has been increasing and the US Dollar has been gaining strength.

S&P ends with a low a 1102.