The Bulls Prevent An All-Out Rout
The market was down today, but given the mood, it could have been a lot worse.
Before the market opened, traders had visions of a furious, half-day, with all kinds of circuit breaker kicking in. In the end, it was just a really solid down day, with the indices all falling a bit more than 1%. The Dow only lost about 154. The NASDAQ lost 1.7%.
Oil made a big comeback, paring its early losses, and ending down only about 2%.
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See Also:
- After Dubai, Is Greece Next?
- Mobius: Even If We're In A Bull Market, Dubai Could Spark A 20% Correction
- JP Morgan: Stop Freaking Out, The UAE Can Easily Save Dubai
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