Amid increasing concerns that conditions are mounting pointing toward a global economic slowdown, in particular concerns over the soft market in Germany, the Dow Jones Industrial Average has seen a dramatic downturn. This investor panic has resulted in a drop of 200 points so far today, with no indication yet of where that fall might end. Though not setting records, this is the lowest level it has seen since August, and the situation is now front and center among traders angling to either minimize damage or take advantage of the fall in confidence. The NASDAQ composite has fallen 54 points as well.
By Jim Malone