Saturday, August 4, 2012

US Stocks tumble while FED watches

Aug 3, 2012 by
 
After weeks of waiting to see what the FED and ECB would do to stimulate economic growth - Both agencies apparently have decided to also wait and see. Wall Street reaction was immediate as stocks tumbled. The Dow Jones and Standard and Poors indices dropped nearly 1 percent in volume with minus 100 points and 12 points respectively. Both the US Federal Reserve and the European Central bank had indicated so plan was in the works to create movement but as of Thursday investor got a big fat zero.

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