Bloodbath

Today was a bloodbath in the market. Everything was red. I was actually expecting it to go down but for the wrong reason. I was thinking that if the debt ceiling will be raised, and it was, then there would be a measure of recovery in the US market. It had been going down for some time due to uncertainty brought about by the prolonged debate on raising the debt ceiling. And once that uncertainty is lifted, I was thinking some capital would flow back. But it seems the reason for the bloodbath is that with the uncertainty lifted, the shape of the economy went fore into the picture and it wasn’t good. So downward the US market continued. Enough to jitter everyone else.