NLXSK1
Well-Known Member
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[TD="align: left"][h=2]U.S. Stocks Fall; DJIA Suffers Biggest Weekly Drop Since Sept. 2011[/h]U.S. stocks fell sharply, capping the biggest weekly decline since September 2011 for the Dow industrials, after a two-day selloff in global equity and currency markets prompted investors to flee risky assets.
The Dow Jones Industrial Average fell 318.24 points, or 1.96%.
Traders said that despite the scope of the declines, fund managers weren't overly urgent in their selling. Traders pointed instead to short-term players selling baskets of stocks, such as index futures or exchange-traded funds, as a way to protect against losses elsewhere in their portfolios. Buyers, meanwhile, pulled to the sidelines, content to wait before putting money to work.
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If you want to give him credit for the good shit, you have to admit when the shit isnt good any more.