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FYI: Below is a look at the percentage of overbought versus oversold stocks in the S&P 500 over the last year. As shown, 63% of stocks in the index enter today in oversold territory, which is the highest reading we've seen in a year. Just 10% of S&P 500 stocks are overbought. It has been a painful few weeks for stocks indeed. Let's see if we get an oversold bounce soon. Regards, Ted http://www.bespokeinvest.com/thinkbig/2014/10/13/highest-percentage-of-oversold-stocks-in-a-year.html?printerFriendly=true
