Measuring the damage done

Irony of irony: Fleeing stocks, buying Treasuries

August 8, 2011 at 6:40PM

All the major stock indices have now plunged nearly 15 percent since the last week in July.

The Dow was off 14.32 percent as of 1:30 p.m. CDT on Monday. The S&P was down 16.08 percent; the Nasdaq 15.98 percent.

Investors are sellilng stocks with both hands. What are they buying? Treasuries, or debt offered by the no-longer triple-A rated U.S. government.

about the writer

about the writer

Eric Wieffering

Deputy Managing Editor | Enterprise and Investigations

Eric Wieffering, deputy managing editor for enterprise and investigations, works with reporters and editors across the newsroom on short- and longer-term enterprise stories.

See Moreicon

More from Minnesota Star Tribune

See More
card image
Provided/Sahan Journal

Family members and a lawyer say they have been blocked from access to the bedside of Bonfilia Sanchez Dominguez, while her husband was detained and shipped to Texas within 24 hours.

card image