To quote the infamous yogi (Berra that is), “It’s deja vu all over again:” another Manic Monday. The SkyNet StockBots battled it out as stocks zigged and zagged their way into another solid down day.
The US Federal Reserve threw even the kitchen sink into today’s efforts to stem the bloodbath in US stocks, to little avail.
The DJIA dropped 582 points (3.0%) and the NASDAQ outperformed, falling only 19 points (0.3%). US Treasury paper and gold soared again while oil plunged.
Stay tuned as the battle of the SkyNet StockBots continues.