Looks as though the bears won out on the argument of the recent market action as the major indices suffered their worst loss since the crash of 1987. Seems to make sense to have such a day as last week we had the biggest gains since 1933. The only silver lining is that volume was
FOMC Delivers A Sobering Blow
No gas for the bulls as yesterday’s meager attempt to buy some lows was met with fierce selling today. In fact, the broader market ($SPX) closed at its lowest point in 5 ½ years today. The Dow broke the psychological price level of 8,000 and the Nasdaq broke through 1,400 as well. There was one