You probably know the bad news already. Stocks on Thursday dropped 600 points in 15 minutes in mid-afternoon. The market went down nearly 1000 points before rebounding. That’s the worst mid-day drop in the Dow Jones industrial average EVER. So really bad stuff. But here’s the good news: Bond prices were up. During the hysteria, the …
stocks
Don’t Blame Regulators for Stock Drop
The market is down again today and one of the reasons people have cited for the recent 800 point drop in the Dow is that investors are worried about the bank regulations coming out of the Obama administration. The first part of the argument is that Obama’s plan to tax the banks and limit what they can and can’t do will hurt profits of …