Lake Tahoe, California's Alpine playground, is anchored on the west shore by Homewood/Tahoma, straddling two counties:Placer and El Dorado. The mayor of Tahoma posts information related to the area and items of interest to residents and visitors alike. Its goal is to be informative, humorous, and timely. Hope you enjoy the site.
Friday, March 13, 2020
Stock Market: Greatest Decline Since October 1987
Well, lots of institutional traders are selling from their expansion-fatted portfolios. The selling accelerated yesterday bring the Dow down over 10%. Shocking. Sobering. Scary. In addition, the prices of bonds and Gold also went down, a rare combination which has traders scratching their heads. How can this be? It's un-explainable, really. The market came back a bit today, adding about 5% of yesterday's losses. Where to now? Hmmm.
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