There is plenty to be bearish about: the sovereign debt crisis, the mess in the UK, a catastrophic oil spill in the Gulf, North Korea vs South Korea, Nouriel Roubini back on TV, and Google (Nasdaq: GOOG) Pac-Man zapping 4.8 million hours of human life. So, investors are selling first and asking questions later as the Dow Jones Industrial Average (NYSE: DIA) sinks below 10,000 to ~9900. So much for talk of Dow 12,000 … at least for now.
Before the markets sold off, we mapped it out in the May issue of our Wall St. Cheat Sheet Premium newsletter. Click here for your free copy.