Here We Go: Market Makes Big Move Down, Dow Off 160, Oil Falls Below $70
Here We Go: Market Makes Big Move Down, Dow Off 160, Oil Falls Below $70
Joe Weisenthal
May. 17, 2010, 12:04 PM
After see-saw action in the morning, the bulls are definitely making a serious move right now.
The Dow is off another 160, or more than 1.5%. The NASDAQ is also oss 1.5%.
Oil is below $70 now, a major level, and the euro is below $1.23.
CNBC correctly observes that today is unusual in that the selloff seems to have happened just as Europe closed, the opposite of what’s been happening in recent weeks.
[snip]
The DJIA is down 140 as I post. See here.
(Excerpt) Read more at businessinsider.com …
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