Bad News Bears In Charge Today

It never ceases to amaze me that on one day, we can see euphoric triple-digit stock market rallies, and the next day, the mood is so melancholy that prices plunge by the same amount. That's why I call these days of stocks "manic markets". Today is no exception. Compare today's charts (above) to those of last Friday. While Friday, it took the entire trading day for the Dow to climb 200 points, today, the plunge of more than 220 points have taken only half the day. It is also interesting to me today that each subsequent plunge today has been large than the prior one!