What Goes Up... Must Come Down...

The stock markets have been in volatile flux for months. It dropped down to steep lows in the summer, then worked it's way back, then dropped right back down again. Last week, the markets got all giddy after the "wonderful" Euro deal and saw the Dow peak to approx. 12300 (the other markets also when ga-ga).

Thennnnnnn reality kicked in.

Redstate reports here. Reuters analyzes, as does the AP.

And the Dow right now is at 11655.

No surprise from me.