Thursday, May 20, 2010 12:19:56 PM
NEW YORK (AP) -- Stocks are tumbling after another drop in the euro and disappointing U.S. employment news have added to investors' already bleak view of the world economy.
The Dow Jones industrials are down more than 200 points Thursday. Interest rates are sliding in the Treasury market as investors once again seek safety in U.S. government debt.
The latest drop means the benchmark Standard & Poor's 500 index is down more than 10 percent from its 2010 trading high last month. That marks the market's first "correction," or a drop of 10 percent or more, since major indexes tumbled to 12-year lows in March last year."
We had better hope MDMN is for real because that may be the only good financial news we get in a long time.
Come on JJ...take the best offer and get on with it.
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