“Let us be clear about the magnitude of the Nasdaq collapse. The tumble has been so steep and so bloody — close to $4 trillion in market value erased in one year — that it amounts to nearly four times the carnage recorded in the October 1987 crash. And with the Standard and Poor’s 500 index down almost 31 points yesterday, and the Dow Jones industrial index down 317, the broader market continues to be dragged toward the abyss”. Read more
- Consumer Spending Represents 2/3rd’s of GDP
- Oil Stocks.