So how much did you lose yesterday? Unless you’ve been in a cave with Osama bin Laden you are likely aware that the markets had a slight “correction” yesterday. How slight is yet to be seen. In a nutshell the markets lost most of their gains since last November in about 15 minutes.
Now, I’m certain that those of you who are more financially savy than I am will be quick to point out that I am not seeing the whole picture – and quite frankly, I really don’t. But I think it is safe to say that lots of people lost lots of money yesterday. (more…)