Mike Santoli's market notes: What's behind the rout and how long could it last?

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We were set up for some payback, and are getting a bit of it.

After two days of heavy selling in most stocks that was obscured by resilience of the big-cap indexes, the overall tape succumbed to stretched technical conditions, overheated trader sentiment and a few prominent excuses to question the pace and path of economic improvement.

 

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