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Despite the writing on the wall, yesterday’s stock market plunge caught a lot of investors by surprise.
We talked yesterday about why this pull back is actually a good thing – but how long is it going to last?
The Dow Jones Industrial Average futures look like it will make back about 100 points of Thursday’s 807 point, or 2.8%, rout ahead of the government’s August employment report.
The tech-led reversal weighed even heavier on the S&P 500, which lost 3.5%, and the Nasdaq, which lost a whopping 5%.
S&P and Nasdaq futures were under continued pressure Friday.
As bad as Thursday’s sell-off was it did come after a powerful summer rally that had sent the S&P 500 and Nasdaq to multiple record highs and the Dow to about 3% away from its record high on Feb. 12.
So what can we expect to happen as we head into the long weekend?
Other Top Financial News
Buy At A Discount & Get Paid To Do It!
Image Source: Catana Capital
We’re facing the single greatest economic disaster of most of our lifetimes.
And if recent market activity is any reliable indicator, it ain’t over yet.
So, for those of you trying to come up with the best investing strategy that works in a recession, there’s good news.
This could be it. And it get’s better, because this play is so simple that any investor can master it with ease.
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Market Movers & Predictions
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