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Stagnation Nation: Dow Drops -131 Points, Down -218 Points Since ECB Meeting

This is a syndicated repost published with the permission of Confounded Interest. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

It was another day of volatility in the equity markets. The Dow Jones Industrial Average fell -131 points.

Ever since the European Central Bank meeting on September 8, the DJIA has lost 218 points, despite a brief respite from The Fed with a no increase signal.

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This is not that surprising given The New York Fed’s downgrading of its Q4 GDP forecast to 1.22%.

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Hardly a positive development for the US Economy.

April Ludgate does NOT approve.

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