
The Selloff Accelerants
It was just -- let me check the watch I'm not wearing -- 24 hours ago when financial media outlets were busy claiming that retail dip buyers and other reliable sources of reflexive, instinctual equity demand, had gone missing.
Fast forward from Tuesday's selloff to Wednesday's fledgling rebound and Bloomberg declared that "the crowd of dip buyers returned... amid speculation that the biggest selloff since May had gone too far." The same linked article cited an analyst who said "dip buyers are o