Ouch...the futures for our markets look ugly today. I don't know how many of you follow the markets but there was a massive sell-off around the world yesterday. Japan's index closed at 13,800 on Friday and closed at 12,600 on Tuesday....UK lost 5.5%, Germany is down 9% as of right now, France 7%. So much for the Bull theory that we should all be plowing our money into International stocks since they were "de-coupled" from the US economy and wouldn't be affected by our slowdown.
Dow futures are down 520 right now. If it closed down 500 that would put us within a couple hundred points of a bear market (or a 20% drop from the high of 14,100).
Dow futures are down 520 right now. If it closed down 500 that would put us within a couple hundred points of a bear market (or a 20% drop from the high of 14,100).