• “Panic-like selling” grips Wall Street as the economic numbers point to “a lot of unpleasant things that nobody wants to admit”

    10 days ago - By The Economic Collapse

    Fear is spreading like wildfire on Wall Street, and on Friday we witnessed yet another wave of panic selling. The Dow Jones Industrial Average fell another 559 points, closing at 24,389. Previously I had warned that once we solidly broke through 25,000 that it could trigger an avalanche of panic selling, and that is precisely what has happened. The Dow is now down more than 9 percent from the peak in early October, but the S&P 500 is doing even worse. The S&P 500 is now down 10.2 percent from the September peak, and that means that it is officially in correction territory. It has now been...
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