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stocksCNBC
•83% Informative
Wall Street's attempts to recover from Monday 's sell-off ran out of steam.
The Dow Jones Industrial Average surrendered a 480 -point gain to close 234 points lower.
Warren Buffett's Berkshire Hathaway has accumulated $234.6 billion in Treasury bills, surpassing the U.S. Federal Reserve's holdings.
S&P 500 breadth came in a tepid +2.6 to 1 advance/decline.
Verrone advised investors to "tread lightly" with the first bounce attempt.
More significant corrections are likely to occur in the coming months , he said.
"A bottoming sequence typically takes some time to come together," Verrone said.
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