All markets worldwide turn down. Why? Facebook!

It will be interesting to see the excuses the press come up with for today's plummet. The bare reality is that this has been caused by Facebook falling below the key level given in last comment.
Every market in world inextricably attached to SandP and therefore Nasdaq and therefore Facebook and Google . When they crack, all markets do too. Amazing but true...just look.
This and Google now giving way will keep all indices under pressure. Today is a very bad day. The bad thing I thought we'd avoided yesterday hit like a train today. Sorry for that. We should get any losses back and move into profit on current S and P short though.


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