Stocks Crash on Monday – Watch out for Black Tuesday Sell-Off

Stock prices hurtled lower Monday August 8, 2011 as anxiety overtook investors on the first trading day since Standard & Poor’s downgraded American debt. The Dow Jones Industrials were briefly down more than 600 points. The Dow was below 11,000 for the first time since November 2010. The sharp drop extended Wall Street’s almost uninterrupted decline since late July, when the Dow was flirting with 13,000. Investors worried about the slowing U.S. economy, escalating debt problems threatening Europe and the prospect that fear in the markets would reinforce itself, as it did ...