In the House they’re grilling hedge fund chiefs, and in the Senate they’re talking about economic recovery. And in New York, the markets are getting crushed again. After a quiet start to the day — in fact the market was up for a while! — it’s now straight down. The NASDAQ is off over 3.5%, while the S&P 500 is down over 2.5%. Meanwhile, the DOW is within a breath of touching 8,000 again.
It looks like GE and Citigroup were not so much outliers, but just ahead of the curve.
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