"The dust hasn't settled yet, and I think both buyers and sellers are trying to figure out what this market really wants to do," said Jonathan Corpina, senior managing partner for Meridian Equity Partners in New York. "I would think that this continues to happen for the next few trading sessions for everything to kind of get flushed out. "The retreat in equities had been long awaited by investors as the market climbed to record high after record high with few bumps. The S&P correction is the fifth of this bull market, according to Yardeni Research. "A lot of people have been forced to put on positions that will need to be either wound down or rolled forward," Cherry said.Thursday marked another session this week with strong volume.

Source: Economic Times February 08, 2018 16:52 UTC