Today was Yom Kippur for the Jewish people. And most celebrate it by fasting and not trading stocks. It does effect the market or that is what people say by the light volume which wasn't seen today.
I would say today was a fake out on the downside that will be well compensated on the drastic move up.
Things are priced for severe deflation, bankruptcies, and complete breakdown of economic progress. It may happen, God forbid, but there will be a rally to put some risk back to the short sellers.
Also today was the end on the ban to short financials. Discrepencies.
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