CNBC’s Steve Liesman takes a look at how stocks react when interest begin to move higher. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and [More]
Jim Cramer, CNBCs Mad Money host and resident button pusher, isnt exactly known for his measured takes on the stock market. And Thursday morning, with the Dow in full retreat, certainly was no different.
Wall Street saw its worst trading day in years on Monday as the Dow Jones industrial average plunged 1,175 points, marking the biggest daily point decline ever seen.
The S&P hasn’t been down more than 0.5% two days in a row in almost a year.
There’s hardly any comfort for a person convicted to a term in prison, unless the prisoner gets a whopping $104 million pay-out from the government.