Selloff
Categories: Trading
The market traded down big. The index had been at 17,300-ish, and suddenly, an hour later, it was trading below 16,500. The sell-off happened the moment it became known that a bomb went off in a giant oil refinery in the Middle East. The peace dividend that the world had been enjoying in the form of higher earnings multiple stocks evaporated fast, as the selloff hit hard.
