S&P500 plunges 3.47% and closes at 743, the lowest closing in the 21st century ...
"Strong Hands" have the chance to buy so cheap (at least this should be their technical driver) for the second time in 21st century. Last time it was in November 2008, when intra-day move for S&P500 was even lower as today' s close at 743, but it has not closed so low in this century ...
Dow Theorists are working hard on all fronts, interestingly that "minority dogs" (the call options C, BAC that formerly were known as banks, and the joint union-government pension fund GM - even positive for the day) were out-performers today ...
The plunge below intra-day low of November 2008 lower than 741, and close "down under" opens the door for the dark speculation of mega double tops ...
Up-to-date S&P500 chart at StockCharts.com here. The weekly perspective of S&P500 from 1960 available here.
It is not fair, but busy evacuation was here, and the last alert was this, BUT NOT TODAY... The sleeping beauty should wait now for technical confirmation (may happen tomorrow?)! The invisible hand of government may make everyone feel like a fool, and probably seek for social assistance...
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