It’s happening. The global stock market is plunging. The Dow index tumbles to its lowest 1-day decline in history, -1175 points. The rest of the global market are all in the red. This must be the beginning of the end for the Wolves of Wall Street.
There is suddenly stock-market carnage on Wall Street, shattering what has been a protracted period of low volatility and a mostly uninterrupted climb toward the moon for stocks.
There was no clear-cut catalyst for the decline, which came as the long-running rally fueled by improving corporate earnings and strengthening U.S. and global economic growth accelerated in January.read more