Stocks and corporate bonds tumbled today as concerns over the European debt situation increased with investors. The market fell almost 1,000 points before rebounding and that was the biggest intraday drop since 1987. Investors moved towards Treasuries which is considered to be a safer asset. The drop on Thursday does not come as a surprise with traders and investors exiting their positions before the coming weekend.
To read a related Wall Street Journal article, please click here: