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S&P's Big Two-Day Loss

Thursday, 21 Feb 2013 | 12:00 PM ET

The major averages are at their lowest levels in 2.5 weeks, with the FMHR traders. Meanwhile the VIX continues to climb after recording its largest pop since November 2011 yesterday. And Dennis Gartman, The Gartman Letter, foresees a 7 percent correction in stocks.