Worst Start of the Year in 84 Years

Today was a terrible start for the market. The S&P 500 dropped below 2,000 and at its low was down 2.65% on the day. The Dow was down more than 460 points although both indexes have recovered some lost ground.

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This could be the largest opening day decline since 1932. Markets all over the world have been rattled by the decline in China. Trading in China was shut down after the market fell by 7%. Some economic indicators there continued to be lousy.

Posted by on January 4th, 2016 at 2:02 pm


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