Taking a 180, Indexes Plummet

Friday, October 30th, 2009 | stocks with No Comments »

Markets today lost all the gains they made yesterday as worries came back. The Dow lost nearly 250 points while the Nasdaq and S&P plummetted over 2 and a half percent each. The drastic drop led the Volatility index to jump up to highs it hasn’t seen in several months. The index reached an intraday high of 31 today marking the first time in several months in which the markets have seen 200+ point movement two consecutive day. While the volatility may not seemto bode well it also marks an increasing willingness by investors to invest. Moreover, the massive decline witnessed today made October a bad month for stock once again, as the markets saw a monthly decline for the first time since the recovery started in early March.


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