There is no doubting the ferocity of this most recent market correction. Yesterday the action had a sell first ask questions later kind of attitude. Each bounce attempt was met with even more selling. The downside during the last hour of trade had that 2008/2009 feel.
It's been a choppy week so far and the market has distanced itself from the lows of last week. Are we going to retest them? I even heard questions on Bloomberg radio yesterday evening concerning a re-test of the January lows.