An Ugly Session
Not a good day in the markets...
- The S&P 500 (SPX) lost -1.45 percent
- Dow Jones Industrial Average (DJIA) lost -1.61 percent
- Nasdaq Composite (COMP) lost -1.37 percent
- Russell 2000 (RUT) lost -1.94 percent
For the blog I write for Schaeffer's, I track a list of 55 Exchange Traded Funds (ETFs). Of my list, only two were higher...the two ETFs that track gold (IAU & GLD)...and nearly three-quarters of my list lost more than one percent. However, not one lost more than three percent. In other words, it was broad based, but not dramatic selling...
It would appear that there was massive, steady selling today....that doesn't make me feel warm and fuzzy...
1 comment:
Nick Perry, I've been looking around for ugly blog related blogs, and I came across this entry (An Ugly Session) during my search so I thought I'd write a quick note to let you know! I recently started a new blog called Ugly Blog, so 'd be happy to trade links if you're interested. Anyway take care and have a nice day! Eric
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