It's official: as of this morning, the S&P is in a correction, having tumbled 10% from its all time high recorded at the start of the month...

... with the Russell suffering an even more humiliating fate, as it entered a bear market at roughly the same time, tumbling 20% from its early November all time high.

The opening puke was precipitated by a marketwide flush, manifesting in the most negative opening TICK in a year at -1,897...