Stock selling picked up steam by midday on problems in emerging markets. Seaport Securities floor broker Jason Weisberg believes it's a weak excuse and market players are looking for any reason to justify selling. He also noted volume has been light, suggesting there isn't a lot of participation in the selling. Weisberg thinks buyers are just waiting for a lower level before they reenter the market to find better pricing.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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