Not surprisingly, this caused more stock declines in the sector.
Stock declines also increased the allure of bonds.
"The stock declines are going to have a freezing effect.
Tuesday's stock declines also took place against the backdrop of corporate earnings reports.
The stock declines were across the board with only a few sectors avoiding the plunge.
As stock declines have continued in recent days, rumors have swirled.
He rattled off George Soros, Warren Buffett and short sellers, who profit from stock declines.
Those stock declines show how the investment outlook for those companies has fallen even while the Fed was cutting rates.
Last year, he profited more by betting on stock declines than he did from buying stocks outright.
He sought to determine whether there actually were seasonal patterns for really bad days, which he defined as the 1 percent of days with the biggest stock declines.
Fearful of job losses and anxious over housing and stock declines, Americans are squirreling away more of their paychecks than they were before the recession.
