Despite No Interest Rate Raise Stocks Are Crashing Anyway
Dow down over 260 points as I write this. We'll post the final numbers at closing, but this is astounding considering the Fed did not raise interest rates yesterday.
I think investors are beginning to realize the Fed and the other central banks have no options left. The world economy is dead in the water.
UPDATE: U.S. markets lost nearly 1.74% of their total value in one day. Dow closed down 289 points.
I think investors are beginning to realize the Fed and the other central banks have no options left. The world economy is dead in the water.
UPDATE: U.S. markets lost nearly 1.74% of their total value in one day. Dow closed down 289 points.
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