Top

Stocks flew too close to the sun. Now what?

February 9, 2018

Via: CNN

Stock market booms are fun — until they end in tears.

That’s one of the lessons from the past few months. As the Dow shattered one record after another — it shot from 25,000 to 26,000 in just seven days — bullish sentiment became way too extreme. Nothing could knock the market off its relentless climb.

Stocks got so hot that they were vulnerable to a shock — which is just what happened this week. Fears about rapidly rising bond rates sent the Dow plunging 1,175 points on Monday, and then 1,033 points on Thursday.

Read More on CNN