MARKET MELTDOWN, DOW OFF 308

By Sam Ro | 5 minutes ago 

Stocks are getting destroyed.

                                              stocks

Markets actually spent most of the morning positive in the wake of President Obama’s reelection.

However, at around 7:30 AM EST CNBC’s Becky Quick noted that the ECB’s Mario Draghi said that “Data suggest economic slowdown has reached Germany.” 

Indeed, much of the recent economic data out of Germany has been much more worrisome than economists had forecasted.

Markets tanked immediately after these comments came out.

 

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