Raymond James strategist Jeffrey Saut believes the “selling stampede” ended last Thursday.
“I think it ended last Thursday. You have to string together at least three consecutive positive days to break a selling stampede. We’ve had two, so we’ll see if we can do it. This week is critical in terms of doing that.”
Who knows if the third consecutive day will come to pass, but as of this post, Dow futures were implying an over -100 point selloff.