The stock market correction is finally here
Hammered by weak economic data in Asia, South American turmoil and a stream of weak earnings reports from blue chips like IBM (IBM) and McDonalds (MCD), the S&P 500 (^GSPC) is down sharply for the weak and off more than 1% in 2014.
Emphasis added.
I know it is only the 24th of January but I think we have a winner!
It's still early...
ReplyDeleteYeah, I'm taking a risk here.
ReplyDeleteThe Economy Is Doing Bettor Than Expected
US Banks Have Razed More Than Enough Capital
Just over 11 months to go! Things happen. ;)
The second part of the that sentence is even more shocking. Off 1% is a correction? I thought a correction was 10%? Expectations are still at the top of Space Needle.
ReplyDeleteMr Slippery,
ReplyDeleteThe 1% "corrections" keep adding up. We actually ended up with two of them today.
Why don't we just call it what it is?
Chain Lightning Prosperity!