The DOW was down 1079 points just after the opening bell this morning, but has bounced back up 745 points to be down 334 “only” as of this writing. That current 2.03% plummet pales by comparison to China’s Shanghai Composite which bled off 8% of its worth last session. Panic over a global slowdown is to blame. The S&P is down 11% from the all-time-high of 2,134 in May. Mortgage Bonds, which rose 40 points this morning are now up only nine. Interest rates are not getting as much love as you would think–or as I would hope–given the bear takeover. The dollar is also getting hammered, currently down 1.73.
Just a reminder that our Client Appreciation Party is happening at the Provo Seven Peaks tonight from 5-9PM. If you didn’t receive a ticket for your family, call me quickly; I only have four left.