Friday, April 4, 2014

The Economy - NASDAQ Gets Hammered

The NASDAQ closed down 2.6% today. Investors moved out of Tech and Biotech stocks. The moved pulled the DOW and S&P as well. Gold and silver moved higher as did oil. Is this the start of a correction? Is the market guessing that the FED will continue with tapering QE? Was the employment report good or bad? Very interesting development and the rally over the last week was wiped out. What will happen next week?

What do you think?