• published: 04 Aug 2011
• views: 4063

http://www.StockMarketFunding.com Dow Jones Down Over 500 Points Massive Stock Market Sell Off Continues. Stocks decline for 8 out of 9 trading days. Wall Street Plunges on Economic Fears; Dow Sinks More Than 400 Points; S&P;, Nasdaq Down 4%; VIX Soars. QE3 coming, but won't save economy. Oil falls to lowest level in over a month. SMF Warned Investors and Traders of the Pending Correction on 5/3/2011. WATCH! http://www.youtube.com/watch?v=YVM7GppAULM Concerns about global economies continued to wreak havoc on commodities today. In turn, the CRB Commodity Index dropped 2.8% to a near seven-month low. Oil suffered one of the steepest drops. Specifically, crude oil prices settled at 86.63 per barrel for a 5.8% loss. That marked its greatest single-day drop since May 5 -when it fell more than 8% - on the back of concerns about global economic health. Futures prices had recorded intraday lows of $86.04, which marks the commodity's worst level since February 18. Natural gas prices closed lower by 3.4% at $3.95 per MMBtu. Futures prices had actually traded higher in early pit trade, but bearish inventory data spurred a reversal that took the commodity as low as $3.92 per MMBtu, which made for its worst level since mid-March. However, safe havens like gold and silver benefited from weakness in the broader commodity complex and a plunging stock market. In morning trade, December gold, which eventually settled lower by 0.5% to $1658.20 per ounce, rallied to a new all-time high at $1684.90 per ounce. September silver, which lost 5.6% to close at $39.42, traded back above $42 to a three-month high of $42.30 per ounce. The late morning plunge suffered by the pair of precious metals took gold as low as $1642.20 per ounce and silver down to $38.47 per ounce. Many traders attributed the sell-off to liquidation that followed margin calls in other asset classes. DJ30 -404.19 NASDAQ -109.16 SP500 -47.09 NASDAQ Adv/Vol/Dec 243/2.43 bln/2383 NYSE Adv/Vol/Dec 175/1.17 bln/2928. The Dow Jones industrial average was down 436.21 points, or 3.67 percent, at 11,460.23. The Standard & Poor's 500 Index was down 51.32 points, or 4.07 percent, at 1,209.02. The Nasdaq Composite Index was down 118.51 points, or 4.40 percent, at 2,574.56. New 52 week highs include: ARR, AUY, CBOU, EM, EXLS, KFT, MKTX, NATR, ORIT, PEET, RGLD, TLVT New 52 week lows include: AEG, AEIS, AFL, AGO, AKS, ALNY, AMCC, AMCN, AMKR, AONE, ARC, ARO, ART, AUO, AUXL, AVNW, AVP, AVY, BAC, BBOX, BBY, BCRX, BCS, BMTI, BRK.B, BSBR, BXG, BZ, BZH, C, CBEY, CBLI, CEDC, CENT, CENTA, CETV, CHKE, CLGX, CMA, CMED, CNA, CPLP, CPY, CRU, CS, CSC, CSIQ, CTB, CUK, CVGI, CVTI, CWH, CX, CXW, CYTX, DCTH, DHT, DLB, DNDN, DRYS, DSX, DVR, EBR, EBR.B, EJ, ELX, ENTR, ENZN, EPAX, EV, EXH, EXM, FBR, FFCH, FGP, FOE, FRO, FSLR, FST, FUR, GASS, GCI, GERN, GGB, GHL, GLP, GLW, GMXR, GNK, GNVC, GNW, GOL, GTIV, GVA, H, HA, HCBK, HGG, HGSI, HNP, HPQ, HRS, HSOL, HTH, IBI, ICA, IN, INSM, INSU, ISIG, ITUB, JADE, JEF, JNS, JOE, KBH, KBW, KEP, KIRK, KONG, KSWS, KUTV, LAMR, LEAP, LF, LOGI, LPL, LPS, LUV, LYG, MAR, MAS, MBLX, MDC, MDP, MLNK, MNKD, MOTR, MSO, MT, MTG, MTOR, MXL, MYRX, NAT, NCIT, NCMI, NKTR, NM, NMM, NMR, NOA, NOK, NRGY, NTRS, NWL, NX, NYB, OCLR, OFC, OI, OMER, ORA, ORI, ORN, OSG, OSK, OSTK, PBNY, PBR, PBR.A, PCAR, PFCB, PHG, PHH, PHM, PLX, PMCS, PNSN, POZN, PRE, PT, PTNR, PVA, QGEN, QSFT, QUAD, RAIL, RBCN, RBS, RDN, RIMM, RMBS, RMD, RT, RYL, SCOK, SCOR, SEH, SFG, SFL, SHAW, SHO, SID, SKM, SMA, SMSI, SNDA, SNE, SOL, SPF, SPP, SPRT, STP, STRI, SUSQ, SVA, SVNT, THG, THO, TI, TIE, TKC, TNK, TNP, TPC, TRI, TRIT, TRMD, TSL, TSPT, TSRA, TX, UBS, UIS, UMC, USG, USM, USU, VE, VQ, WABC, WFR, WIT, X, YGE, YHOO, ZZ Tags dow "dow jones" crash "market crash" "stock market" stocks trading stock market markets commentary "dow down 500 points" "technical analysis" "trading education" news politics debt fed "federal reserve" QE3 "us dollar" obama birthday present wall street' economy economic analysis financial chart charts stock market, options trading, stock trading, online trading, technical analysis, day trading, swing trading, trend trading, trend analysis, stock market commentary, stock market videos, economic analysis, stock futures commentary, investment analysis, political commentary, stock formula trading, after hours trading, gold, silver, futures, forex, "MARKET CRASH" "STOCK MARKET CRASH" "DOW JONES INDUSTRIAL AVERAGE" "Debt Ceiling" "stock market sell off" "day trading stocks" "online trading" "swing trade" "swing trading" "day trading" "day trade" "online stock trading" "us economy" DJIA "unemployment rate" "dow jones index" "dow jones technical analysis" "online stock market trading" "stock market trading" "trader education" "ron paul" CNBC "jim cramer" "marc faber" "gerald celente" "max keiser" "alex jones" "day trading education" "commodity stocks" "gold prices" "silver prices" "yen carry trade" "stock market education" "market commentary" "stocks sell off"