Dow drops 362 points, Plunge Protection Team refuses to show up
Well, well, well. The market opened down about 200 points today based on a few pieces of bad news that the feds easy money policies haven’t been able to solve yet. As has been typical in the last few months, we chopped around as traders waited for the huge late day burst to the upside that has been so common.
Unfortunately for them, the Plunge Protection Team didn’t show up today, and everyone who put that anticipation trade on midday was forced to cut their losses driving the Dow down even lower:
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