The Market Just Got Whooped: Here's What You Need To Know

Whoo, this was rough. We’ll get full numbers momentarily, but the Dow was down over 161, and the NASDAQ was off about 50, which is 2%. Gold had a very strong day up about $10/oz.

Now here’s what you need to know as you leave work today:

  • It’s going to be a very volatile weekend in Greece, as aid talks continue.
  • You have to see these photos of the Deepwater Horizon oil rig explosion. They look like something out of a Jerry Bruckheimer film.
  • Speaking of which, our Map Of The Day shows just how big the oil slick outside of New Orleans really is. It kind of resembles a hurricane.
  • SAC Capital may have made $100 million off its Dendreon (DNDN) trade. The stock continued to soar on its FDA approval.
  • Goldman’s stock has broken through key support levels.
  • Moody’s downgraded a bunch of Greek banks this morning, further destabilizing the market.

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