Thursday, January 14, 2016

Matt 24 watch, 283: The stock market nosedive continues . . .

According to a CNBC report, Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, indicates:
Almost $3.2 trillion has been wiped off the value of stocks around the world since the start of 2016 . . . . The sell-off this year, driven by renewed jitters over China's economy and a slump in energy prices, has pushed the S&P 500 index in correction territory, with the benchmark now down 11.29 percent from its May 21 closing high.
According to the veteran market commentator, U.S. stocks are now off $1.77 trillion, while overseas stocks are down $1.4 trillion.

This bears watching. END