Heavy Selling Grips the Market as Stocks Close Near Lows
February 5, 2010
Sellers stormed the market as jobless claims rose and sovereign debt fears ravaged the market. In addition, New York Attorney General Cuomo announced charges against a large bank sent fears throughout the financial sector. Volume soared and the “fear index” VIX jumped nearly 21% showing traders are becoming more fearful. Jobless claims jumped as more [...]
Heavy Selling Grips the Market as Stocks Close Near Lows
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