Today the stock market and the bond market was steeply lower.
If you listen to the talking heads on CNBC they have you believe that the reason for this strange phenomenon is because the Federal Reserve might raise interest rates.
Yesterday the US congress voted unanimously that Saudi Arabia could be sued for 9/11.
Now I can't prove that Saudis started selling US bonds and stocks because there is no information out there of who was selling but it's as good a theory as any.
Of course when stocks start falling margins are called and panic sets in,making a bad situation even worse.
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