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originally posted by: Blue Shift
People seem to forget that this kind of thing happens in October once in a while.
originally posted by: Fowlerstoad
a reply to: infolurker
If you go with bonds, stick to the shortest term bonds you can find, and favor corporate bonds in good companies over any sovereign government, and municipal government bonds, because the latter are at big big risk!!!
originally posted by: FamCore
Full Title:Dow tumbles more than 650 points in midday trade as stock-market rout gathers steam Thursday
Yesterday I made a thread about the DOW's 800+ point drop: DOW Sinks Over 800 Points Today; Futures Down Over 1,000 for Tomorrow
Well, it appears that yesterday's woes in the markets have continued, as global stocks went down (Tokyo's NIKKEI dropped over 900 points, losing about 4% of its value, Italy's market dropped 1.84%, etc.). NASDAQ is "flirting" with correction territory between yesterday and today.
Wall Street's "Fear Index", the VIX shot up over 28 (hovering above 26 now): Wall Street's 'fear index' briefly jumps above 28, marking its highest level in 8 months as Dow tumbles nearly 700 points
Interestingly, US treasuries caught a bid and have gone down a bit (otherwise I believe the selloff would be much worse).
There's still an hour left of trading in the day, and all of tomorrow
[Cue heavy breathing sound]:
Will the market shake it off or are we going to see panic/contagion continue and accelerate? Would love to hear your thoughts ATS