Markets Implode As Washington Gorges On New Debt

The Dow plummeted as much as 400 points and was on pace to take its biggest fall of the year after anxiety over the global economic recovery sent traders...
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All the king’s horses

The Dow plummeted as much as 400 points and was on pace to take its biggest fall of the year after anxiety over the global economic recovery sent traders racing out of stocks and commodities into the safest asset classes.

Tension on Wall Street was high on Thursday.  Traders piled up into Treasury bonds, seen as one of the safest non-cash assets during tumultuous times.  Indeed, Treasury yields on 10-year Treasury securities dipped below 2.5% — the lowest since November. Volume on the New York Stock Exchange was nearing a high for 2011, a sign of the breadth of the selloff.  source – Fox News

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