Friday, May 24, 2013
   
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WNPV Market Watcher: There May Be More Stock Selling

The two week stock Sell off had a scary downward spiral Yesterday when the Dow dropped more than 500 points. WNPV Market Watcher George Toth points to several factors that caused the dire conditions on Wall Street.


“What’s is going on in Europe is a liquidity crisis is a liquidity crisis for real. Number two, retail sales are so so. The past information for last week, the ISM was week. The ISM non manufacturing service was week. So, we have a week situation with a lot of week numbers. Then market is absorbing that and selling off.”


Toth predicts there could be more stock sell off to come.

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