Major U.S. stock indexes closed lower on Wednesday, sliding in the final hour of trade, as market participants struggled to shake off worries about a lack of a coronavirus aid package and rising COVID-19 cases. How did major benchmarks fare? The Dow Jones Industrial Average (DJIA) tumbled 525.05 points, or 1.9%, to close at 26,763.13, while the S&P 500 (SPX) lost 78.65 points, or 2.4%, ending at 3,236.92. The Nasdaq Composite Index (COMP) shed 330.65 points, or 3%, finishing at 10,632.99, after plunging as low as 3%. That left the Dow 9.4% off its record close in February, the S&P 9.6% lower than its September all-time high and the Nasdaq 11.8% down from its September record, according to Dow Jones Market Data. The losses took the S&P 500 within a whisker of a correction, defined as a 10% pullback from a recent peak. Equities briefly caught a footing in Tuesday’s session, but were pressured again Wednesday amid deep-seated divides in Washington over additional pandemic aid and a resurgence of coronavirus cases in Europe and parts of the U.S., including in Texas, Wisconsin, Oklahoma and Colorado. “But I also think investors are reluctant to keep their feet completely out of the market,” he told MarketWatch, pointing to expectations for a safe and effective vaccine to be available at some point next year. Nick Note: We reversed Tuesdays gains. It looks to me to be a retest of the lows. I am not going to shit you I COULD BE WRONG! But my belief is the stock market is buying into a bounce back before the elections and massive stimulus with the FEDS pumping incredible sums of money into the market. We has a 5 year note auction today at the lowest rates ever. I rate the auction a A+. That tells me underlying sentiment is very very positive. Spreading on a bottom is suicide. Again I COULD BE Wrong But i believe the selling is pretty close to a temporary end. This will sort itself out this week or next…..