Current+Event+1

DOW Looses big On Tuesday the DOW had its first big loss of the new year, falling a massive 200 points. A loss was expected but not even experts could predict how much of a loss for the market. 2 reasons were to blame for the fall back. Renewed fears of disorderly default in Greece and concerns that China's slowdown would go global. On Tuesday for every one stock that rose a whopping 10 stocks dropped which is a horrendous number for a market that has been doing suprisingly well in 2012. The S & P 500 also fell over a percent and a half which was the biggest drop since mid December. Traders were selling their stocks to large banks because of feared exposure to Greece. China cut its growth outlook earlier in the week which also caused people to sell their stocks. I think that this will hopefull only be a temporary problem. China is usually one of the strongest countries and is already pretty far ahead of everyone else so I don't think that cutting growth should scare everyone so much. I also think that the people in the Greece situation are most likely just being over protective of their investments and it is better to be safe than sorry in a roller coaster economy [] []