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!
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U.S. stocks closed higher on Tuesday after broadly slumping in the last two sessions. There was no obvious single reason behind massive losses seen stateside on Monday, but the sell-offs were blamed on concerns about rising interest rates, program trading and volatility funds that use leverage.
ReplyDeleteOn Tuesday, the Dow Jones industrial average closed higher by 567.02 points, or 2.33 percent, at 24,912.77 after falling as much as 567.01 points earlier in the session. Other indexes also recorded gains: The S&P 500 rose 1.74 percent to end at 2,695.14 and the Nasdaq composite advanced 2.13 percent to close at 7,115.88.
Dow plummets 1032 points, now down 10% from record; S&P 500 drops 3.7% to new low for week
ReplyDeleteThe Dow Jones industrial average closed more than 1,000 points lower.
The benchmark 10-year U.S. note yield rose to 2.88 percent before sliding to 2.851 percent Thursday.
A rise in yields and sharp moves in obscure volatility funds that use leverage have been cited by traders as reasons for the market's recent pullback and volatility spike.