Thursday, March 13, 2014

Wall Street tumbles as Ukraine tensions rise, China slows: Thomson Reuters Business News - MSN Money

Wall Street tumbles as Ukraine tensions rise, China slows: Thomson Reuters Business News - MSN Money



This is a link to an article explaining why the Dow fell more than 200 points on Monday.  I'm surprised it took Wall Street several days to figure out that the Ukraine situation was extremely dangerous, and it was not going to be resolved anytime soon.  In addition to Ukraine, the Chinese economy has turned out really bad, and there is no easy fix for China either.  So, the double and triple chart tops for the Dow and S&P 500 will be a stock market ceiling for a while.  Another big question is how far will the market really fall?  I have around 10% of my money on TVIX, the leveraged volatility index, because I think we are in for a rough ride.


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