NEW YORK (Reuters) – U.S. stocks accelerated their losses on Friday with the S&P 500 down 3 percent as investors worried the economy's recovery might not be sustainable and shares of financials tumbled.
I guess my overstuffed pig comment was very timely yesterday because today it looks like the poop has definitely left the bacon. Honestly I just cant wrap my mind around the fact that these "financial pros" always act surprised when crap like this happens. Its intuitive to the general public, they are out of work and not spending, duh!
Well this plunge has made a mess of any new setups for Monday so have a nice weekend.