The market gapped down at the open, trapping many of the bulls that bought yesterday. It'll be interesting to see how many of them panic, and dump their newly bought shares. I expect that there are a lot more buyers waiting to get in, so this drop shouldn't be too fierce. The gap was caused by disappointing earnings/guidance from the likes of KLAC, OVER, AFL and SYMC. This morning's economic reports didn't help matters any.
That sinking feeling
Essential Reading
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