Its getting back to the "I can't look at this" volatility of 2008 to 2009.
Unfortunately I have no answers. Reading the reports, this meltdown is attributed to Europe's insolvency and the fear that the world's economic recovery is consequently in jeopardy. Maybe its the new financial reform package and spite.
I do know this, at some point the bottom is found.
CNN: Stocks set to extend slump
In addition to debt problems in Europe, which have weighed on markets for weeks, investors will mull the latest developments in Wall Street reform.
Late on Thursday, the Senate passed a sweeping financial overhaul bill that aims to prevent another financial crisis.
U.S. light crude oil for July delivery fell 42 cents to $70.38 a barrel.
3 comments:
Is the feared double dip happening? The Euro-zone's weakness is a huge drag just when so many thought we were emerging from this deep Recession. It appears maybe were not nearly out of the woods yet. I went to my son's College graduation yesterday and the speakers tried to project a hopeful image for the grads but you could see they were all hedging.
Congratulations on your son'e graduation - that's great. My daughtr graduates from med school this week! How about that.
Double dip - shit just what we need. Maybe not, gotta feel it out.
Congrats to U!!! Wow a Dr. in the family that is a huge achievement!! You must be very proud.
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