Wednesday, November 07, 2012
Stocks Get Hammered On Election and Europe
The stock market is taking a shellacking today following the US election and grim economic warnings from Europe. As of this writing all of the major indices are down sharply with the Dow off by more than 330 points. Gold and oil are down slightly and the yield on the benchmark ten year US Treasury bond is down by 11 basis points (6% !) as investors flee the financial markets.