Just Like In September 2008, Many Investors Fear That A Dangerous Chain Reaction Is Starting On Wall Street

 by Michael

Do you remember the panic that swept through Wall Street in September 2008?  Well, a lot of people believe that it is starting to happen again.  And once selling starts to spiral out of control, it is going to be incredibly difficult to stop.

  On Monday, the Dow Jones Industrial Average fell 1,276 points.  That was the seventh biggest single day decline in history, and on a point basis it was actually larger than anything that we witnessed back in 2008.  Investors were bitterly disappointed by the monthly inflation report, because it showed that everything that the Fed has done so far has not worked.

  It appears to be inevitable that the Fed will continue to raise interest rates in a desperate attempt to get inflation under control, and that has put Wall Street in a very sour mood. (Read More…)

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