The U.S. stock market experienced another sell-off today, as the economic outlook for the U.S. remains dismal. With falling oil prices, corporate earnings forecasts, and a stronger dollar, the market appears as if it hasn’t hit the bottom yet. The S&P fell 6.10%, while the Nasdaq dropped 4.77%. The Dow fell more than 500 points today, or 5.69%, and closed at 8,519. Major indices around the world also took hits on a worsening global economy. In England, the FTSE closed 4.46% lower, while the CAC 40 and the DAX dropped 4.46%, and 5.10% respectively. Banks and commodities both experienced the largest declines in Europe. In Asia, the Hang Seng fell 5.15%, the Nikkei 6.8%, and the Straits Times 5.19%. The yen had a huge gain on the dollar today and helped drive stocks [More...]