Posted on 02/03/2014 12:38:51 PM PST by Signalman
February is looking an awful lot like January for investors. Emphasis on awful.
The Dow tumbled more than 300 points Monday afternoon, or almost 2%, after a much worse-than-expected reading on manufacturing activity. The S&P 500 and Nasdaq were down more than 2%. CNNMoney's Tech 30 index was also down sharply.
Investors were disappointed after the Institute for Supply Management's monthly index showed that manufacturing activity last month expanded at its weakest pace since May.
The bad news comes as investors are still reeling from a rough January. Disappointing earnings and volatility in emerging markets sent stocks sharply lower during the first month of the year. The Dow tumbled more than 5% last month -- its worst January since 2009.
(Excerpt) Read more at money.cnn.com ...
The economy ha been tanking for the past 5 years.
Invest in ammo.
We are primed for a collapse again. Margin debt is stratospheric and the gains in the stock far outpace anything in the real economy. Same with EM’s. The unwind could get messy or worse than messy.
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