A parade of worse-than-expected earnings numbers from major banks and manufacturers sent Wall Street investors running away from stocks and toward the safety of U.S. government securities. When all was said and done, the Dow had plunged 366 points by the closing bell. Think of the Dow falling as a big rock that is thrown into the middle of a pond. We’ve seen the first splash. Now we have to prepare for the ripples that are going to flow through the international marketplace. What will a falling U.S. stock market, poor corporate performance and falling bond yields do [...]
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[Source: The Money Blogs]
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