New Credit Facilities From the IMF Stops the Bleeding in U.S. Equity Markets

Despite the IMF announcement the markets only stopped selling off. A Raly failed twice after the news. Commentators on the news are saying the credit line is not enough to tackle the $2 trillion problem.

The news broke as the S&P was resting on the 1183 support level. Uncanny timing …no ?

DOW off 51

NASDAQ off 1.8

S&P off 4.8

Light volume overall today.