After two nice triple digit gains, stocks did an about face today. Fears about continued debt problems in the Eurozone and a steep reduction in Chinese production of goods, caused the market to sell off early. Stock moderated their losses mid-session and then sold off into the close. Consumer confidence numbers also came in weak further contributing to the morose mentality shared by today's traders. Lugubrious was the word of the day as yesterday's profits became today's losses. The Dow closed down 136 points.
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- Topic: ActiveRain Community