Stocks Seek Recovery From Last Week's Thrashing

wochit business
January 27, 2014 AT 12:00 PM
Is this the beginning of the end of the bull market? That's what traders and investors are fearing after the Dow Jones Industrial Average and S&P 500 Index dropped 3.5% and 2.6% respectively last week. Capped by Friday's rout, last week marked the Dow's worst trading week since November 2011 and the S&P's biggest weekly drop since June 2012. The Daily Ticker's Henry Blodget warned earlier this month that stocks were poised to fall as much as 50% in the next year or two, and last week's selloff heightened concerns about the market's fate. And market analyst Brenda Kelly says it would be unrealistic to see the bull market continue.