Ready, Set, Plunge!

Saturday, June 11, 2011, 9:28 AM
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The economic data coming out now is really quite dismal. What appeared to be a reasonable, if unspectacular, recovery is now in serious doubt. Even more notable is that the economy remains this weak despite all the trillions in stimulus and Fed balance sheet expansion.

The stock market reacted badly to the news, shedding roughly 1.5% on each index, with the Dow closing below the big, round number 12,000.

Here are my thoughts and observations about the past week's stock market performance and recent economic and monetary news that drove the recent losses.


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