11/01/11 - 08:27 PM EDT
The markets sank Tuesday over Greece's precarious future in the eurozone.
The
Dow Jones Industrial Average slid 297.05, or 2.48%, to 11,657.96. The
S&P 500 fell 35.02, or 2.79%, to 1218.28. The
Nasdaq dropped 77.45, or 2.89%, to 2606.96.
Najarian said on
CNBC's "Fast Money" TV show that the price action was "brutal" in a wild trading session that saw the volatility index climb above 37 and material names leading the slide down.
Guy Adami said he was surprised by the huge selloff, while Joe Terranova said 1183 is now the line in the sand for the market as investors search for a point of reference
...
Fred Cannon, of Keefe, Bruyette & Woods, said the U.S. financials are tied to the hip to the European financials, adding the MF Global situation only made the situation worse.
....
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