Kiss Your Naked Access Goodbye
No. Has it made life temporarily hellish for Brian Moynihan, CEO of Bank of America, and Robert McDonald, president, CEO and chairman of Proctor & Gamble-whose companies were among those that took a major beating? Yes, it has. But that is the nature of the beast when exceptions pop up.
The market operated as it should have, with the appropriate safeguards kicking in. The DJIA did indeed suffer a 998.5-point intraday swing, but at the end of the day, the index was down 347.80 points, or 3.8
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