it's official, IBD says market...
in correction. no new buys for me for a while - until get signs of ne bull. not on margin right now, or would get off.
holding most, but may lighten up if things get worse. Market oversold for now - so expect bounce.
PEr IBD: "The market tumbled into a correction Friday as the Nasdaq took out its November lows.
A big wave of selling in the final half-hour of trading sent stocks to fresh session lows.
According to preliminary data, the Nasdaq sank 3.8%, its worst decline since Feb. 27, when it plunged 3.9%. The Nasdaq 100 cratered 4.3%. The S&P 500 fell 2.5%, the NYSE composite 2.3% and the Dow 2%."
