Market Recap: China Plays Peter Out

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[vodpod id=Groupvideo.2654635&w=425&h=350&fv=]

 The Reformed Broker, AKA Sweet Georgia Brown, here with today’s Market Recap…

 Well we certainly couldn’t go up every day, guys!

The pain was everywhere with the Dow off around 100, but it was felt the most in the inflation/ weak dollar/ China export sectors.  Here’s the chalk outline at the 3:30 look:

Worst Performing Industries % Change
Steel & Iron -7.33%
Oil & Gas Refining & Marketing -6.74%
Oil & Gas Drilling & Exploration -6.42%
Office Supplies -6.40%
Gold -5.88%

Not much else to say, but to keep the China bulls off the ledge, check out this mind-blowing video of a day and night in the life of Hong Kong (yes, I know it’s not the same as Mainland China…lay off, I’m exhausted!).

Thanks for reading today and have a great night.

Full Disclosure:  Do not trade based on anything you read here, my commentary above is strictly a recap of today’s market activity.

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