Dow 8,149.01 -226.44 (2.70%)
Nasdaq 1,507.84 -50.50 (3.24%)
S&P 500 845.14 -28.95 (3.31%)
10-Yr Bond 2.815% +.159
NYSE Volume 5,815,881,500
Nasdaq Volume 1,968,785,250
Market gave up yesterday's gains.
Silver and gold continue to walk higher.
Wednesday the market was up and the end-of-day paper stop on DRYS was hit. I expected to cover the short after the open on Thursday. Thursday the markets went down. The volatility is such that even wide stops that are in the market can be taken out, and the next day the position can quickly reverse.
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