Blame Argentina! Some people think it was the 15% drop in the peso that triggered the recent selloff in the emerging markets… and back in the US of A.
On the last two days of the week, the Dow lost nearly 500 points. And on Saturday, after-hours trading signaled worse to come. It looked as though the Dow would drop more than 300 points when the doors opened on Monday. That didn’t happen. Instead, the Dow fell just 40 points. So, we sit tight, wondering if the beginning of the end is coming now… or later.