BREAKING NEWS: Stocks Headed for Massive Losses as Close Approaches

With 30 minutes remaining in the session, the Dow is staring at a loss of more than 400 points, and has now erased all of its 2011 gains. Oil plunged, gold is lower by $12 an ounce and the yield on the 10-year Treasury has fallen to 2.45%. The Nasdaq Composite is off 109 points, or 4.1%.

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