08.21 15:45 ET US Markets Update: It’s, It’s, a Ballroom Blitz

by John Galt August 21, 2015 15: 45 ET Most of you are too young to remember this awesome tune: Well, maybe not that awesome but the markets now know what it feels like again to get hit by the 2008 of a full blown NFL style blitz again. The S&P 500 is well below its 200 DMA and tanking below psychological support at 2000:   Oops, wrong chart. Here we go (prices delayed 15 mins, via YahooFinance): Next stop on the downside should be around 1830-1835. Another indication of the…

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