Friday, June 10, 2011

Stocks tumble below 12,000

Stocks drop mucho in Friday trading

12,000 is an important psychological barrier so it will be interesting to see how the market performs the rest of the day.  Yesterday stocks finished up and I sifted through the data trying to understand why.  Today the Dow was down 100+ points before I got out of bed.  I always consider that to be disconcerting.  While I no longer consider any of the financial indexes to really be accurate indicators of the state of all things economic I do keep an eye on them as they can foretell potential problems before they hit. 

No comments:

Post a Comment