This is rich!
So, today the markets dropped like a lead balloon. The AP wasn’t the only one beclowning themselves……
Global growth concerns have fueled Wall Street’s wild swings the last two weeks, but roiled equity markets Wednesday as investors worry the global slowdown could extend to the U.S.
and bobbing around the rest of the day in volatile action. The rush to sell in the first few minutes of trade was fueled by a slew of disappointing readings on the U.S. economy, but the negative sentiment didn’t wane as markets continued their decline through afternoon trade. At its lowest level, the
The All Important American Consumer
Michael Block, chief strategist at Rhino Trading Partners, said retail sales was the most concerning segment of the three-part picture.
“The most serious part of it was the weakness in advance retail sales. There is hope…
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