More Market Volatility Might be on the Horizon
With the Dow breaking down through the 12,000 mark, (finishing today at 11, 971.19), the S & P poised to scrape below 1,300, and the Nasdaq below the 2,300 figure at various times in Tuesday’s markets, investors naturally wonder what’s in store. Many observers, including the oft-quoted Jim Cramer, former hedge fund manager, now columnist and commentator on CNBC’s Mad Money, first expressed enthusiasm that the day’s opening market drop would wash out the excess optimism and put in at least a temporary bottom to even start picking up some financial stocks. When the market bounced back from its 500…