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The Ferocity of This Market Sell-Off Eclipses Even the Christmas Eve Rout

Summary:
It’s not the size of the decline but the speed with which investors are hitting sell buttons. At one point today some 89 percent of stocks on the New York Stock Exchange traded in the red, surpassing the threshold reached Dec. 24, when a 2.7 percent rout in the S&P 500 pushed the gauge to a 20-month low. During the December correction, the volume of stocks trading down was higher just on one other day, Dec. 4.   https://www.bloomberg.com/news/articles/2019-05-07/ferocity-of-this-market-sell-off-eclipses-the-christmas-eve-rout?srnd=premium

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It’s not the size of the decline but the speed with which investors are hitting sell buttons. At one point today some 89 percent of stocks on the New York Stock Exchange traded in the red, surpassing the threshold reached Dec. 24, when a 2.7 percent rout in the S&P 500 pushed the gauge to a 20-month low. During the December correction, the volume of stocks trading down was higher just on one other day, Dec. 4.

 The Ferocity of This Market Sell-Off Eclipses Even the Christmas Eve Rout

https://www.bloomberg.com/news/articles/2019-05-07/ferocity-of-this-market-sell-off-eclipses-the-christmas-eve-rout?srnd=premium

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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