Stocks Continue Aggressive Sell-Off; S&P Down 10% From Year Highs
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After a brief reprieve Wednesday, stocks are continuing a major sell-off Thursday. The S&P is down 10 percent from the 2011 high and down 8 percent since the recent sell-off started on July 22nd.
At the 11AM hour, the Dow is down 228 to 11,668, the Nasdaq is down 68 and the S&P 500 is down 28.
More debt crisis issues in Europe -- specifically Italy -- and poor economic data in the U.S. has been the catalysts for the recent sell-off. Talk of a double dip U.S. recession is on everyone's lips.
One bright spot in the recent action is the coinciding sell-off in crude. Crude is down $2 this morning and now back below the key $90 per barrel level.
At the 11AM hour, the Dow is down 228 to 11,668, the Nasdaq is down 68 and the S&P 500 is down 28.
More debt crisis issues in Europe -- specifically Italy -- and poor economic data in the U.S. has been the catalysts for the recent sell-off. Talk of a double dip U.S. recession is on everyone's lips.
One bright spot in the recent action is the coinciding sell-off in crude. Crude is down $2 this morning and now back below the key $90 per barrel level.
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