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  1. Capitulation?


    Stocks opened sharply lower on Wednesday after a freefall on Tuesday night in the index futures that led to a moderate capitulation in the morning. Buyers stepped up to take the indices well off their lows with small caps closing at their daily highs, and the I-fund closing with a gain, but for the large cap U.S. stocks, the Dow lost another 78-points and the S&P 500 shed 0.35%. Not great but well off the morning sell-off lows.


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