The Small-Cap Conundrum

The relatively weak market internals on Wednesday's rally suggested that it might not be sustainable and the weak action in the euro markets sealed the deal by Thursday's New York opening. Nevertheless, the selling was much heavier than most expected. It should be no surprise that the market is getting oversold with the Nasdaq 100 down almost 2% along with the Biotech sector. Asian stocks were mostly lower as well but in early trading the EuroZone markets and S&P futures are trying to stabilize....