Captain Rick: The Dow Jones started the day off with a major slide after dismal economic news from China, followed by a small gain and then a continuing slide as a result of the explosions that rocked the Boston Marathon that killed 2 and injured more than 70. The result was the largest one-day Dow plummet of 2013, erasing all gains of the past week. President Obama is addressing the nation.
While many in the news media are accrediting this major market drop to the Boston explosions, that is not entirely true. I circled in red in the chart above, the drop that occurred after the bombings occurred at about 2:45 EDT. Tomorrow’s market will reveal where we go from here. I will report on more of this, especially the declining economic situation in China in future posts.
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