Subject: Re: A change in market direction
Washout day? Black Monday wannabe? <?i>

It's not that big a dip in the grand sweep of history, but the mood to sell is clear.

One thing that's a bit surprising: when there is a bit of panic in world markets, normally the US dollar spikes upwards. A flight to safety usually means raising cash, and most of that cash normally gets shoved into greenbacks. But this time the dollar is falling. USD index is about the lowest since January.
Only about 3% above the five year lows.

Jim