The month of October was in full red at Wall Street as October ends. This month was tagged as the worst-ever in the US stock markets as Dow jones was in wild ride and S&P lost 198 points.
The markets have suffered under the weight of a deteriorating housing market, an ongoing credit crisis, sluggish profits and falling commodity prices. Worst of all, economists say, is that there seems to be no end in sight.
"A combination of negative outlook and uncertainly is toxic for stock markets, and you've got both of those factors on steroids right now," said Jared Bernstein, senior economist with the Economic Policy Institute.
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