Just when the financial markets seemed to have recovered from the Great Greek Debacle, the S&P 500 dropped 3.67 percent today stoked by uncertainty over Italy and the stability of the Euro as a whole.
The S&P 500 has dropped 8.93 percent since November 9 and is now down 1.60 percent year-over-year. And no, it’s not the daily moves we’re focused on, nor simply the dips, but rather potential turning points, be they bearish or bullish, and the trends.
And with respect to the IPO market and its ups and downs, let’s consider this a safe place to discuss and debate its impact on the San Francisco real estate market as we try to keep our other discussions on topic and track.
∙ Ciao? [SocketSite]
∙ Financial Markets Balk At Vote To Accept Voluntary Writedowns [SocketSite]
∙ Dow Crosses 11,000 As Market Volatility (A.K.A. Skittishness) Wanes [SocketSite]
∙ It Must Just Be Because We’re “Bearish,” Why Else Would We Care? [SocketSite]