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Today felt like you were hearing the robot from "Lost in Space" saying "Warning! Danger!" as too many stocks to count followed the markets under key support levels. It really did feel that way as no one wanted to head into the weekend owning anything tied to financial stocks in case nationalization occurred. Mid-afternoon, the White House said that it preferred for the banking system to stay private. Low and stable CPI doesn't matter when things are headed to hell in a hand basket. The good news is that an end of day bounce erased many of the intraday losses. Here were today's unofficial closing bell levels:
Dow 7,365.67 -100.28 (-1.34%)
S&P 500 770.05 -8.89 (-1.14%)
Nasdaq 1,441.23 -1.59 (-0.11%)
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