The market had by far its worst day of 2012 with the Dow falling more than 200 points. Stocks had been on a relentless charge in 2012, with indices hardly even testing their 10-day moving averages, but today’s sell-off is a reminder of how quickly gains can disappear. Downside action over the past three days in the S&P, most of which came today, erased nearly all of February’s methodical…

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