Dow plunges on worries about slowing global growth
This is an important article about the Dow falling more than 500 points. This downturn scenario has not happened since August of 2011 when Congress had its unprecedented impasse over the budget ceiling. Kinahan of TD Ameritrade said that people are pulling their money out of the market because they can't tell who will be the future winners or losers. I agree. My best stock is PFF, the preferred stock ETF. It pays 6% annually in monthly installments, and it has been a safe haven so far. Moreover, nobody knows when the selling will stop.
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