The S&P 500 fell over 6% over the last two days. Obviously, we believe this was well overdue. The action in the market is a bear market type of trading action. Major stocks are acting horrible. As an example, Exxon Mobil fell over 12% in these two days. The momentum stocks held up well on Friday and most of Monday and then got pounded as well. This is typical bear market action.

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Market in a Minute 2018-02-06