Hedge funds forced to sell their stock positions has driven Dow and S&P futures down this morning to the limit allowed by regulators, meaning the market is on the cusp of losing at least 8 percent of its value today.
That's a whopping loss added to what investors already have experienced in just a couple of months. The Dow will trade significantly below 8000 and closer to 7500.
As far as a place for a good investment, the stock market will remain a dead zone.
Japanese markets declined 10 percent overnight. There is no reason our markets today will not do the same.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment