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Another bloodbath on Wall Street with deep losses across the board and every intraday attempt at a bounce was quickly sold as we start to see some panicky activity from investors. The Dow lost 2% but the Nasdaq and small caps continue to take the brunt of the beating. We finally saw investors run for yield and buy bonds, and that's a sign of fear, but it's interesting that other safe havens like gold and silver, sold off sharply as well.

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