Economic problems can only be swept under the rug for so long before investors begin to trip on the rug. That seems to be the case in Europe, where large rallies against further austerity measures have erupted in both Spain and Greece. As my Foolish colleague Alex Dumortier noted earlier this morning, Spanish 10-year bonds are back above 6%, having their worst day in more than a month. If we've learned anything, it's that there's no quick solution to this mess.
For the day, the S&P 500
Electronic-parts manufacturer Jabil Circuit
Homebuilders also had a particularly rough day following the release of disappointing new-home sale data - but given how much they've run, perhaps a pullback was written in the cards. Both Lennar
Bucking the trend and receiving the gold star for the day is dairy-products company Dean Foods
Duck and cover? Not quite ...
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Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.
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