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tdp2664 InvestorPlace A new quarter traditionally starts off on the strong side as reinvested retirement funds pour into investment house coffers. But that was not the case yesterday. Instead stocks opened lower and the selling continued throughout the session. The broad-based S&P 500 was off 2.85%, and the Dow Jones Industrial Average also took it on the chin, off 1.36%. But the Nasdaq suffered the worst, off 3.29%, as technology and financial stocks were hammered hard. And banks were singled out again with Bank of America (NYSE: BAC ) falling 9.6% on new worries over the impact ofEurope's failure to address their sovereign debt issues. Despite our economic woes, the world continues to rush to the U.S. dollar as a safe haven. (For more bear market strategies, click here .) And so with the dollar up it was no surprise thatU.S.stocks sold off again. Here we see the S&P 500 plunging through the bottom of the most recent consolidation and ending the day just 29 points from the midpoint of last summer's trading range.
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