Wall Street isn’t panicking...down 62. And part of the reason is the slow 2nd Qtr GDP growth.
Dow down 105 as of now. Yes, not a true panic, yet. :)
“Wall St. isn’t panicking.” Apparently, Geithner called a Wall St. senior bank meeting this morning to let them know that any sell-off would be a no-no. So those on the call, in the room (not unavailable at their homes in the Hamptons and Nantucket etc.) have been advised to do some buying, at least enough to keep the slide from becoming an avalanche until 8/3’s open. IMO, they will not disappoint as little Timmy has saved their butts more than once.