Posted: Aug 8, 2011 7:00 PM by Trovette Tottress
NEW YORK (AP) - Money flowed out of stocks and into Treasurys today leading to the worst drop in the Dow since December 2008.
The Dow closed down 635 points. Fears of slower global growth and the European debt crisis led investors to look for safe places to put
their money. Ironically, many chose US government debt which was downgraded on Friday by credit rating agency Standard and Poor's.