Dow Jones Drops Below 12,000…Longest Weekly Losing Streak Since 2002

More dismal economic news.  But don’t you worry…according to Barry, it’s just a bump in the road

Stocks fell sharply Friday, posting a sixth straight weekly loss — longest losing streak since the fall of 2002.

The 1.4% drop came a day after the market broke its longest losing streak in more than a year.

The market’s last seven-week stretch of losses began in May 2001, as the dot-com bubble deflated.

Stocks have suffered this month after a raft of weak economic news dampened hopes for a speedy recovery. Traders fear that weaker hiring, industrial output, and a moribund housing market are reversing a bull market that lifted the Dow Jones industrial average 20% the past year.

Change!

 

 

 

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6 thoughts on “Dow Jones Drops Below 12,000…Longest Weekly Losing Streak Since 2002

  1. For every year of this monstrous regime,you will have to work two extra years now to make up for the lousy economy.

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