Friday, May 28, 2010

Fitch Downgrades Spain Debt....

This shouldn't be any real surprise, but the Dow sold off over 100 points in 5 minutes as this news hit the wire.  Traders are really whipping this market around.  There is no conviction, it seems...so it's probably best at this point to ignore it and just go home for the weekend.

At 1:15 pm:

Dow -99
Nas -24
S&P -11

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