There's never been more of a slow-motion train wreck in the market than we saw this morning. Ever since last Friday, when the government published disturbingly weak jobs numbers, we knew the market was in for a rough ride. But because the stock exchanges were closed Friday, we had to wait until today to get the expected drop -- and with many European markets still closed today as well, we won't see the full impact worldwide until tomorrow. At about 10:45 a.m. EDT, the Dow Jones Industrials
Among Dow stocks, financial stocks posted big declines, with Bank of America
It's important to remember that even with today's declines, the Dow is less than 3% below its recent highs -- and still up more than 5% on the year. Moreover, even stocks that are down today can be tomorrow's winners. The Motley Fool's latest special report on retirement gives you the names of three promising stock picks for long-term investors. Get your free report today before it's gone forever.
Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. You can follow him on Twitter here. The Motley Fool owns shares of Bank of America and JPMorgan Chase. Motley Fool newsletter services have recommended buying shares of Walt Disney, as well as writing a covered strangle position in American Express. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.