As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

Welcome to Ministry of Wealth!

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

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Tuesday, 8 October 2013

Stocks close sharply lower as shutdown continues, Dow ends at one-month low; Vix soars 13%

By: | CNBC.com Stock Market Writer
                

Stocks finished broadly lower Monday, with the Dow hitting a one-month low, as the government shutdown dragged for a second week and as investors grew worried that lawmakers may not be able to increase the debt ceiling, potentially leading to a default.


The Dow Jones Industrial Average slumped 136.34 points to finish at 14,936.24, dragged by American Express and Visa.

The S&P 500 dropped 14.38 points to close at 1,676.12. And the Nasdaq fell 37.38 points to end at 3,770.38.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, spiked more than 13 percent to trade near 19, hitting a fresh three-month high.

 

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