Wednesday, July 27, 2011

All Dressed Up and No Place to go (FT Alphaville)

Risk off, with nowhere to go

A miserable day.
At one point the headline on the Reuters home page read: “Wall Street slides on earnings, economy, politics.” Short of blaming the collective wisdom of the two cultures, there was nothing left.
Stocks were smashed with the S&P500 falling just over 2 per cent to finish at 1,304.89.

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