As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Thursday, 6 June 2013

Broad Selloff: Stocks Tumble 1%, Dow Falls 200 to Close Below 15,000

By: | CNBC.com Writer
                

Stocks posted sharp declines across the board Wednesday, with the Dow ending below 15,000, following weakness in overseas markets and amid concerns over when the Fed will start tapering its bond-buying program on the heels of several mixed economic reports.


The Dow Jones Industrial Average suffered its worst one-day drop in nearly two months, tumbling 216.95 points, or 1.43 percent, to close at 14,960.59, led by Alcoa and Walt Disney. The Dow has declined 1.92 percent over the last two days, logging its biggest two-day drop since November.

The S&P 500 slumped 22.48 points, or 1.38 percent, to end at 1,608.90. And the Nasdaq dropped 43.78 points, or 1.27 percent, to finish at 3,401.48.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, spiked above 17.

STI will drop below its support today!






 

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