Photo: Google Finance
In less than one trading session, the Dow has fallen back below 14,000 and the S&P 500 has fallen back below 1,500.Political uncertainty has returned to Spain and Italy, which caused their markets to tank.
But the optimists are likely to say that today’s sell-off is just a little bit of profit taking. Indeed, stocks closed on Friday at their highest levels since late 2007.
Regardless, it’s an ugly day so far.