As of last week, the US stock market is officially in correction (defined as a decline off 10% or more from a previous peak.
Read MoreAnswers & Observations
Stay up to date with the latest personal finance developments, financial planning advice, investment news and retirement planning tips from our team of certified financial planners and experienced wealth advisors here in New York City.
From a near record close on October 31st, the S&P 500 plunged 6.1% QTD, mostly in the last 24 hours. Hardest hit are the financial service stocks, with notables such as Citigroup down 29.5% QTD, Merrill Lynch down 25.1%, Freddie Mac down 23.9% and two of our long time favorites AMBAC down 60.8% and MGIC Investment Corp down 42.2% QTD.
Read More