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The index futures turned sharply negative in pre-hours trading on Tuesday, and that translated in a very weak open and a stiff sell off in stocks. There was a strong attempt at a recovery mid-day but the Dow still closed down 291-points, which was actually 100-point off the lows. Weak earnings and a poor Durable Goods report were blamed.

On the bright side, after the close yesterday, strong earnings reports from Apple and Yahoo sent the futures ...