LORDZ explains todays sell off with a clip from Monty python
The two scenes of hilarious french insults.
Today's sell-off is about two things:
1. It's a short week during the summer; a few leviathans can move markets without it "meaning" much of anything.
2. The market is in a negatively biased trading range. 1,340 is now very obviously resistance and 1,300-ish is support.
The data will remain lousy. The sky will continue to fall and economies both foreign and domestic will remain weak. But none of those are the reason we're off 200 Dow points today.