New York, NY….The Down Jones Industrial Average dropped almost 400 points on China concerns. Wal-Mart was one of the only bright spots. China has said that it will remove the circuit breakers that have kicked in the last few days. The market is so far off to the worst start since 1991. Experts expect it to turn around but there are a few rumblings of another 2008. Most don’t believe this will happen as most of the fundamentals of the US economy are fairly solid.
Tomorrow if China stabilizes and the US Jobs report remains strong expect the Dow to claw it’s way back.