The stock market indices had a very difficult, tedious, and choppy session today. The blue chips managed to finish positive despite a 2-point loss on the Nasdaq 100, which was under pressure due to Apple (AAPL) being down 10 points.
The right direction is to let the accumulated wisdom of willing buyers and sellers figure out what things are worth, let them destroy those that are worthless, and raise up those that have real value.
The stock market indices suffered dramatic steep losses with very negative technicals today. News from Europe, particularly Greece and Italy, hammered financials, and took the market down hard today.
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