Support Breached

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Well, GOOD morning, Slopers! And it finally is a GOOD morning, with the best big red bar we’ve seen in many weeks. It seems that fantasy (QE, the Fed, faux-taper-talk) has, for once, been beaten back by reality (sucktastic results from Cisco and WalMart). The best “tell” was that, for the first time since the Eisenhower administration, we finally got a sell-off to stick yesterday.

0815-es