Dawn Bennett Writes Article, "The Bigger the Bubble..." Regarding the Recent Drop in Markets
In anticipation of the FOMC meeting this week, the markets tumbled: the Dow dropped 582 points, or about 3.3 percent, and the S&P 500 lost 3.9 percent, 79 points. For the S&P, that was the steepest decline since the August 2015 correction. Investors are starting to understand that credit is tightening, as is monetary policy. Earnings are weak, and speculation about the actions of Janet Yellen and the FOMC this week added to the uncertainty. Of course, the FOMC did...
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