Concerns over Europe’s fiscal stability (at least according to the Associated Press) extended losses on Monday, leading the Dow Jones Industrial Average (DJIA) to give back 115 points. The index closed at 9,816 — its lowest point since November.
The bigger problem isn’t that we lost 115 points today, but rather that today’s losses follow Friday’s loss of 323 points on bad U.S. employment data. A loss of 438 points over the past two trading sessions. Ouch.


by Stephan Tawney on June 7, 2010