Art Hogan has just been on CNBC - he is someone who in my experience generally calls it right - he says there may be a 5% drop overall and we have already had around 3% of that - so approx. another 2% (240 points) should see the bottom. He doesn't buy in to the 10% drop scenario - people are selling everything which is not rational.
DJ down 85 at the open.
Note :
- Another Art - Art Cashin says give it a few days (5) when the volatility stops that's probably the time to get back in.
- DJ down 206 at the moment.
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