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DOW: Forecasting Overreaction?
The east coast of the United States was stocking up for abject disaster this morning on forecasts of a record breaking blizzard scheduled to hit New York City, but as often happens with weather forecasts, the reality was a little different than the hype. Instead of experiencing up to three feet of snow, they were blanketed with a mere eight inches as travel bans were lifted across the area. The stock market appeared to be preparing for the worst as well as Dow Futures were down significantly before the open and are still down as of this writing, but that sentiment may change as the day moves along. Just as the ... (full story)
