Here is a partial list of stocks moving on above-average volume:
- Advancers: TWGP, SPSS, IDSY, FMCN, TALX, AIR, BOOM, GROW, CHH
- Decliners: ASPG, NTRI, IJR, TPP, HHGP, TM, CGX, NRP, OSTK, ERF, PLLL
Market Comments: The market has fallen of a cliff. After a solid open, the selling started to accelerate a bit, and the market has been in a steady slide since. I think it could be a case of portfolio managers worried about what gains they have, and moving to lock them in.
The CBOE put/call ratio is running near 1.0, and the VIX is up quite a bit, so there is certainly some fear entering the market. Let's see if the market can cut its losses any into the close, or if the selling persists.