FYI: Now that was a bad week—and don’t be surprised if it gets worse before it gets better.
The Dow Jones Industrial Average tumbled 1,095.75 points, or 4.1%, to 25,520.96 last week, its largest percentage decline in more than two years. The Standard & Poor’s 500 index dropped 3.9%, to 2762.13, while the Nasdaq Composite fell 3.5%, to 7240.95. Let’s just accept it—we’re in the midst of a correction, and one that was quite overdue. Don’t be surprised if the market’s major indexes decline by double digits from peaks hit just one week ago, as fear of missing out gives way to fear of staying in.
Regards,
Ted
http://www.cetusnews.com/business/Dow’s-Worst-Week-in-Two-Years-Stuns-Investors.B1ecZRz8f.html
