Rally Fizzles on Wall St

August 25th, 2015 by

Source: Google Finance

Source: Google Finance

The Dow Jones Industrials cratered near the end of the trading day on Tuesday after opening more than 2% in the green. Hopes that yesterday’s plunge for global equities would be counteracted by a rebound rally today have been largely extinguished as U.S. indices rapidly gave up all of the day’s gains.

It makes one ask, What rally? And what becomes of the untold number of retirement accounts that are getting wiped out every day that the markets tumble lower?