Stocks Plunge Again As Tea Goes Bitter
I expect to see Tea Partiers cheering this news; after all, it’s what they said they wanted.
(Reuters) - U.S. stocks plunged on Monday, taking the S&P 500 down more than 6 percent on growing fears of a recession, exacerbated by the loss of the country’s pristine triple-A credit rating.
Panicked selling on heavy volume resulted in the S&P 500’s worst day since December 2008, with every stock in the benchmark index ending in negative territory.
Case in point:
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