treasuries are gaining support once again as people rush out of the equity market.
Tech is hit the hardest and you should also look forward to a stronger comeback when this correction is over.
It's really messy for the past days: "oil crisis" & nuclear threat. And the worst part is the uncertainty. You can read it from SP500 chart easily. It seems the topping process was confirmed.
Then technicians will say it's just the due correction people have been waiting for. I agree with them: market rally too much too fast. So far it's about 100 points off the 1350 high. The downside is still there and I'm guessing maybe another 30 points off might yield a bottom. Well, it's just an optimistic guess. In case Japan's situation turns to the worst scenario this correction should last longer.
However, in my opinion, this really is the time to be bullish and watch your favorite stock and buy when the panic hit your stocks.
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