- There were few places for money to hide Thursday as stock prices came hurtling down.
The steepest drop since the meltdown era of 2008 spared no sector in the stock market. Commodities were no good as a safe haven and even gold and silver, favorites of the pessimists, sustained losses too.
On a day that recorded the highest trading volume in more than a year, the major stock indexes fell by 4 percent to 5 percent, building on earlier losses in Europe. The rout eliminated any gains this year, with the Dow Jones industrial average falling 512.76 points, 4.3 percent, to 11,383.68.
Remember, it's the economy, stupid. And they're releasing the July employment numbers this morning. Might be another wild ride.