The US stock market is entering into a major correction. Investor fear economic problem continue and think that it will jeopardy economic recovery. And many are realizing that the stock market's big rebound since March 2009 may not have been justified.
Investors are concerned that the debt problems in European nations like Greece and Portugal will spill over to other countries, cause a cascade of massive losses for big banks and in turn halt the economic recovery in countries beyond Europe, including the U.S. They're also worried that China might take steps that will limit its economic growth, which would also affect the U.S. recovery. Analysts said the market is vulnerable to rumors about any of the major economies right now.
