Not a happy new year so far

By scott miller

So much for a happy new year. In the first full week of trading in 2016, investors were rattled by the slowdown in China and, perhaps more importantly, by how China’s leadership plans to handle that slowdown.As a result, our major stock indexes got off to a stumbling start, with the S&P 500 dropping 6 percent, the Dow shedding 6.2 percent, and the Nasdaq falling 7.3 percent. It was, according to The Wall Street Journal, “the worst first five days of any year,” as China’s story more than offset any optimism that might have been generated by yet another strong jobs …

Source:: Vail Daily Feed