The Dow tumbled more than 300 points Monday afternoon, or almost 2%, after a much worse-than-expected reading on manufacturing activity. The S&P 500 and Nasdaq were down more than 2%.
Dow tumbles 300 points on weak data
Companies like Microsoft and G.E. were also down 3 percent. And AT&T fell more than 4 percent. So far this year, the Dow is down 1,200 points.
OutFront: Brent Wilsey, President of Wilsey Asset Management.
"Avoid debt, and if you have savings, just buy index funds. Buy 'em every month and don't listen to financial advisers–
Like Me–
Don't read financial pages, you don't need to do it... If you buy a piece of American industry & you get a cross-section, you're gonna do well over 10 or 20 or 30 years... The DJIA started the 20th Century at 66. It ended at 11,400."
(Warren Buffet, to Willow Bay @ Yahoo)