Stock markets take a beating worldwide - chicagotribune.com
The rout, which had no single catalyst, began in Europe and plunged the U.S. into near-panic selling. By day's end, the Dow had suffered its biggest one-day point loss — 512.76, or 4.3% — since the mortgage meltdown in 2008 triggered a worldwide financial crisis.
So the question of the hour is, how much of that money that left the stock markets wound up in U.S. Treasury bonds? It would be interesting to know, not that I'd be very sure what it meant.
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