Stock Market Information

There’s no question that today’s markets are skittish at best and horribly irrational at worst. Every bit of doom and gloom news sends investors running for the exits even as money poured in just a day before. As a result we’ve seen huge swings day in and day out, and the couple hundred point drop we’ve seen in the Dow so far today seems par for the course given the past few weeks.

Today’s stampede for the exits is due to retail sales data, which came out much worse than expected. It’s not just investors who are scared, everyone is. As a result we’re much less likely to step up and purchase anything. From getting an auto insurance quote to putting a recent purchase on a credit card, we simply don’t have the spending capacity that we used to, and I believe that will reflect upon the upcoming holiday season as well.