After regaining momentum yesterday, the market has reversed direction this morning, due in part to weakness in high yield bonds as well as reports that Russia may be on a path to seize foreign assets. All three major indexes are down more than 1%, with the S&P 500 breaking below support of 1,978, the Dow down more than 200 points and the Nasdaq falling 1.75%. How far do you think these indexes will fall before forming a base again? Check out my Facebook page to join in on the conversation!
S&P 500, Dow & Nasdaq Market Alert
After regaining momentum yesterday, the market has reversed direction this morning, due in part to weakness in high yield bonds as well as reports that Russia may be on a path to seize foreign assets. All three major indexes are down more than 1%, with the S&P 500 breaking below support of 1,978, the Dow down more than 200 points and the Nasdaq falling 1.75%. How far do you think these indexes will fall before forming a base again? Check out my Facebook page to join in on the conversation!