Hedgefunds unloading, premarket showing lots of stuff getting dumped on the market. Market Spooked first by Palin now McCain and 6.1% unemployment, MER downgrade. Dow 10800-10900
why isn't crude getting crushed if hedge funds are unloading? i would have expected a broad sell off...
take a look at the BRICs, they are being decimated. russia is plunging. funny how we heard during 07 so much about global growth and every 2% drop in the SP people would go on bloomberg and say the selling was 'overdone'
i thought the numbers were right around what they were expecting this morning. in other words, it was not a statistical decline.