Thursday, April 10, 2014

The Economy - The Stock Market

Stocks got clobbered today and the NASDAQ got hammered. The selling started early and continued for the day. The DOW was down over 260 points, the S&P 500 was down 39, and the NASDAQ was down a whopping 130 points! Ouch! So the selling continues and the FED was only able to generate a one day rally. So I think we have seen a top for the markets for now. Lets see if this turns out to be a big dip, a 10% correction, or worse. Hey, gold and silver were up. Bonds were as well. Fortunately oil was down. That may be the best news of all.

What do you think?