Equities Take Another Smackdown

Yesterday was a tough day for traders and investors. The Dow Jones Industrial Average fell 274.14 points or 1.24%. The S&P 500 fell 38.1 points or 1.54% and the NASDAQ Index fell 123.19 points or 1.94%. Not to be left out, the Russell 2000 fell 24.59 points or 1.78%. It seems that the further one drifts from the Blue Chips, the more the stock fell. So what is next? While we may or may not see a bounce on Friday (today), we do not think it is time to "buy the dip" just yet.

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