I just glanced at the S&P 500, and it doesn't look like it's down by much. Are stocks really tanking, or is this just another attempt by conservatives to spread FUD about the economy?
No, stocks are not tanking, but there has been a correction in consumer staples. For example, Vanguard Consumer Staples (VDC) is down over 10% from its high. Investors generally buy into consumer staples as a defensive move in the business cycle. But risk free money markets are paying over 5%...