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Stocks opened sharply lower on Monday as last week's sell-off carried over into the start of this week. Prices stabilized after the open but the buyers could not muster up enough strength to close too much off of the lows, and there was a failed attempt at a rebound during morning trading.

China's Shanghai finally gave way after a 2-3 week rebound off the prior lows. The Index lost 8.5% in Monday's trading and that seemed to be the catalyst for the global market ...