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VCSC Daily - Panic lead to massive sell off

Market Commentary

21 Feb 2013

Massive sell-off in afternoon session. Trading was quite volatile today as investors turned from optimism to panic. The market was up in early trading as yesterday’s gains seemed to indicate that the current correction could end sooner than expected. Sentiment took a bad turn starting with rumors that gasoline prices could be raised about 6%, a bit higher than expected, later in the morning.

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