NEW YORK (Real Money) -- So, yesterday, the Russell index had its worse day since April 25 when it fell 1.86%. What does it all mean? Is it a sign that Janet Yellen is having second thoughts about easy money now that a bunch of firms have come out and said that rates are going to go higher sooner? Is it a sign that the market's gotten overheated and we are at a top right when earnings season is about to begin, a sure sign of pain ahead? Is this the beginning of the end of the big cloud bounce-back, right when the right shoulder says it should be forming?
Or is it because some large account liquidated its Russell 2000 positions and we all had to pay the price?
I bet it is the latter.
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