You Might Not Realize How Awful This Market Is

by Joe Weisenthal

The benchmarket S&P 500 index is not really down by that much from its highs. The decline is on the order of 7%, which is significant, but not a massacre.

However, there are massacres happening in this market if you look at the right places, and especially if you look at some areas which are very economically sensitive.

Check out a chart of BP, which is getting hit by the double whammy of a slowing economy and falling oil.

We’re talking about a third of the company gone.

Read more:  You Might Not Realize How Awful This Market Is – Business Insider.

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Posted on May 18, 2012, in Quick Links and tagged , , , , , , . Bookmark the permalink. Comments Off on You Might Not Realize How Awful This Market Is.

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