Dow Jones -274
NAS -69
S&P -31.80
Deterioration, indeed. FAZ up 9%. VXX up 8.9%. SCO up 8.3%. Only 3 of 39 natty gassers I'm tracking remain in the green. It's a weekend thing, which is how most Fridays have been horrendous since April. In general, there's another trend that has been somewhat true over the years: Announcements early in the week are often positive (earnings, for example) while announcements late in the week are often negative. No absolutes, but this has been something to observe.
UNG struggling to stay ahead, got sold off massively in the past 30 minutes to no surprise, and is at 8.17. Just about nobody trusts this market. The outflows after Flash Crash were real and that money is not returning for a long time, hence the thinly traded up days since with an exception or two.
Hungary isn't part of the Eurozone, but even that bottoms-up scenario played into today's selloff. Hungarian default is imminent. It means I'll pick up some AAPL cheap (now 257.33) today or next week (240s?).
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