After 5 consecutive up days, the market fell of a cliff closing down 680 points (-7.7%), to close at 8149. The S&P did even worse and fell 9%.. 9%!!!!
This wiped out 50% of last weeks rally.
Financials got absolutley hammered once again. The financial ETF was down 17%.
The news and headlines are just one terrible story after another. There is no good news:
- government announced we have been in a recession since Dec 2007. Wow, shocking news!
FUK, I have already lost $100k this year. I have not and will not look at my individual holdings.
