There were plenty of warning signs heading into last week's hard stock market selloff.
There was the precarious look of the financial sector... the historically low reading on the Volatility Index... and the endless stream of talking heads appearing on the financial networks urging investors to buy stocks.
The S&P 500 closed Friday at 1,816 – down about 4% from the
all-time high it posted earlier this month. The index has given up all
of its gains for the year. And there's a rapidly growing belief that the
long-awaited correction is finally here.
But it isn't... not yet, anyway. (more)
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