Credit Worries Slam the Markets
Credit Worries Slam the Markets
Ho Ho Ho. Merry Creditmas! Markets took a tumble on rising credit concerns and banking concerns. The United States Treasury Yield reached a two and a half year low on the 10 Year Treasury rates. The Dow Jones Industrial Average was down 237 points down 1.83 percent. The NASDAQ was down 55 points down 2.14 percent for the day. All of my stocks (even those that started out positively) took a hit and I overall lost 2 percent for the day. Microsoft (MSFT) was down 3.34 percent for the day and JPMorgan Chase & Co (JPM) was down 3.55 percent for the day. Man this stinks.
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