Some may call this a direct message....
While President Obama was speaking to the country the Dow Jones Industrial Average kept going lower.
(NEW YORK) Stocks accelerated their selloff in heavy volume Monday as investors fled from risky assets following S&P's downgrade of U.S.'s credit rating last week in addition to ongoing uncertainty over the euro zone crisis.
The Dow Jones Industrial Average dropped sharply to break below the psychologically-significant 11,000 mark, led by Bank of America and Alcoa, after logging its steepest weekly decline since Mar. 2009 last week.
The S&P 500 and the tech-heavy Nasdaq were down almost 5 percent. August is already on track to be the worst month for both indexes since Oct. 2008.
Read more: CNBC
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