The Dow Jones Industrial Average fell 248 points (2.1%) today, and with it all of its gains for the year. The 15-51 strength indicator ended down 1.4% for the day but remained up 6% for the year. Here’s the year-to-date chart comparison.
Today was the same old story: Europe is a financial disaster and America is right behind, as expressed in these three Wall Street Journal headlines:
- Bank of Spain Rescues Lender
- Moody’s Warns France on Rating
- Debt Panel Meets in Last-Ditch Effort
Now more than ever you must believe in your investments and your asset allocations. Let me know if I can help.
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