Disappearing Act: Stocks Erase 1 Week of Gains

In the first hour of trading today, stocks have erased the gains made during all of last week. What a difference a day makes! The daily chart on the left shows the erasure of last week's gains, and the right chart show today's losses thus far. Still, I wouldn't be at all surprised if the stock index futures reversed at some point today, and recovered at least some of the losses. It could be exciting!