there is no looming bankruptcies that I can see which has caused all the major sell offs before this one.
Of course, this relentless sell off could be a foreboding of what's to come, but
1) Obama's inauguration is next week
2) Options expiration is this week
3) The macro economic news is ugly, which it should be since both corporations' and US government statistics' are overwhelmingly pessimistic, but excessively so, to lower expectations when Obama gets into office.
It's bad, but every ugly duckling has the chance of being a prince, it just needs some love.
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