Related info:
– Marc Faber On Today’s 1987 Redux ‘Market May Drop 20% Or More’ (Video)
– 7th Time Was Not The Charm, S&P Tests 1,700 And Dumps (ZeroHedge, Aug 8, 2013):
For the 7th time in the last day or so, the S&P 500 has tested up to the magical 1,700 level and failed. With JPY once against strengthening as carry unwinds re-escalate, we wait breathless for a deja deja deja vu repeat of the last 3 days post-European close rampfest…
as JPY retraces its overnight ramp weakness…
Charts: Bloomberg