The question to ponder is whether the problem Friday is a longer-term issue or not.
The market may be due for some consolidation at this point, but don't read too much into it.
Computer algorithms will trigger volatility even if there is no surprise news.
The downside action Tuesday afternoon wasn't necessarily a bad thing for stock-pickers.
The pros are anticipating some near-term weakness.
There is a shrinking universe of stocks I like from the long side.
We now suspect the markets will become much more selective regarding upward participation.
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