S&P Falls 4% at Lows But Closes Higher by 0.4%
A session unlike any I can remember...
Our View
I don't care what anyone says, we have never seen these types of moves ever. Not in the 1987 crash, not in the 2000 tech bubble, not during the 2008 credit crisis, and not in the 2010 flash crash.
There has never been a time when the Nasdaq falls 868 points from its high to the session low, then rallies 818 points into the close. Nor have we se…