Stocks Selling Off, Traders Blame Emerging Markets




TheStreet TV show

Summary: Stock selling picked up steam by midday on problems in emerging markets. Seaport Securities floor broker Jason Weisberg believes it's a weak excuse and market players are looking for any reason to justify selling. He also noted volume has been light, suggesting there isn't a lot of participation in the selling. Weisberg thinks buyers are just waiting for a lower level before they reenter the market to find better pricing.