Dow Jones Industrial Average Breaks Key Level
Mar 16, 2014 John Nyaradi
Worries over an economic slowdown in China and the ongoing fluid situation in Crimea added to market worries. Other factors were overbought conditions, excessive margin debt which tends to accelerate selling when it occurs and tepid economic reports.
The SP500 (NYSEARCA:SPY) dropped 2% for the week, falling below the psychologically important 1850 level and the Nasdaq (NYSEARCA:QQQ) declined 2.1%.
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Source: http://advisorperspectives.com/dshort/guest/John-Nyaradi-140316-Dow-Breaks-Key-Level.php
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