(a) GDX (miners) dropped as much as -2% early in the morning session. GDXJ (juniors) dropped as much as -3%. Note, however, that the morning sell-off never approached Wednesday's capitulatory lows. I added positions in GDX and GDXJ. Following a brutal 2-year bear market, I believe the sector will finally launch. Positions taken today may pay off well.
(b) US indexes are struggling.
(c) Australia closed off -2%. Hong Kong off -1.9%. German DAX -2.4%. Euro Stoxx 50 -1.7%. Brazil's Ibovespa -2.1%.
This is not a healthy market! However, I'm entertaining positions in Emerging Markets and/or Europe at the close for a Monday bounce.
Market declines can be painful, and in my opinion declines in the US have only begun. On the other hand, investors (and hence markets) are inherently 'optimistic' and never stop thinking about tomorrow.