Reversal of Fortunes

WSJ:
NEW YORK -- A day after they reacted enthusiastically to a third-quarter GDP report confirming that the economy was finally expanding again, financial markets made a 180-degree reversal Friday as consumer spending data from the same period highlighted the fragility of the recovery.
Following a report that consumer spending dropped a bigger-than-expected 0.5% in September, major U.S. stock averages turned south at the opening and extended their losses throughout the trading day. In the end, the Dow Jones Industrial Average closed off 249.85 points, or 2.5%, at 9712.73, more than reversing the almost 200-point gain that followed Thursday's report