If it feels to Wall Street investors that a period of seismic volatility has gripped markets this month, they aren’t alone.
That confusion has perhaps played out in a gut-wrenching climate for stocks that saw the Dow Jones Industrial Average DJIA, +1.04% post swings of at least 1% on three consecutive sessions to start the week, headlined by an 800-point plunge on Wednesday. “There are so many things and Europe is falling apart, so I’ve been telling everybody the June 3 low is the technical floor,” he said.Meanwhile, the S&P 500 index SPX, +1.34% sank to 2,744.45 and the Nasdaq Composite Index COMP, +1.56% put in a low of 7,333.02 on the same date.
“I say take out the June 3 low and then you are talking about a bear market,” he said, referring to the commonly accepted definition of a decline of at least 20% from a recent peak.
Source: Financial Digest (financialdigest.net)
Wall of Worry...move along.
Trump manipulating the market.
Ralph make em poorer
We're all confused, discomfited, and (quite frankly) horrified right now.
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