by Jim Rickards, Daily Reckoning:
The stock market was down again today, the exchanges beginning where they left off last week. But it’s the larger trend that’s really disconcerting.
Investors don’t need to be told about the stock market collapse in recent months. The Dow Jones Industrial Average is down over 20% since January. The S&P 500 is down 23% since January. And the Nasdaq Composite is down 32% since its all-time high last November.