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Stocks opened lower on Thursday, then rallied off the weak open, but the bears finally stepped in and had a day for themselves. The bulls weren't going quietly as we saw the indices come well off their lows by the close, but still the Dow lost 221-points and we saw losses near 1% in most of the major indices, although the small caps held up a little better. The only positives yesterday were the defensive side of the market like real estate, the utilities, and bonds.

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