Whoa-- "market in correction"!! It means stop investing and this being the beginning of Jan. it also means the entire year's in the terlet. Or not.
What we know is (from IBD) "The Dow lost 1.9%, the S&P 500 1.8% and the Nasdaq 1.6%. Volume rose from Friday's levels. All three indexes closed below their 50-day moving averages." Metals are solid now with gold & silver both climbing back up over their psychological pegs of $1,200 and $16 --now at $1,212,55 and $16.36. Later this morning we'll hear from Factory Orders and ISM Services. fwiw right now futures are off for stocks and up for metals.
Ah, almost forgot --good morning all! Related threads:
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- Obama was terrified that Romney would get credit for his super-duper economy, or something