Tag Archives: JPMorgan Chase

Downturn for What?

On Tuesday morning, Wall Street traders woke up to something they haven’t experienced much of lately: actual market volatility.  One trader posted an image of his Bloomberg terminal at the market opening (re-posted here), which showed an immediate scary-looking plunge in U.S. equities as the opening bell rung.  By the end of the day, American stocks were down more than one percent, the worst one-day loss since last August, and capping the largest two-day loss since last May.

What’s going on?  Are U.S. stocks really a full percentage point less valuable today than they were yesterday morning?

Continue reading Downturn for What?

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