The whole "Obama Announces Something At Press Conference, Stock Market Goes Up" theory died a painful, painful death today as the Dow tanked 680 points, or 7.7% or so. NASDAQ and S&P 500 were down even harder, almost nine percent a piece.
Daily occurrences of almost ten percent swings in a major stock market for a six week period are generally signs of a mortally wounded financial system.
Posts
No comments:
Post a Comment