The bottom dropped out of the market today. The Financials fell apart, GM hit a 53 year low, the Dow crash through its year-to-date lows. The broader indices posted their worst June since the Depression.
What was this — the beginning of the end, or the end of the beginning? How bad is it — are we going to 10,600, like Louis Yamada said?
Or is this a bottom, a great buying opportunity? Barton BIggs said the worst was over for both the economy, stocks (unfortunately, he said it a month ago in the WSJ).
What say ye?