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Stocks Retreat as Investors Become Wary
Perhaps it was due to the tenth anniversary of the Great Recession’s stock market nadir that reminded investors of just how bad the financial markets could slump. The “glass half full” cohort, on the other hand, rejoices in the stupendous gains (400% in the S&P 500) since that time of market despondency.
The major large company stock indexes fell between 2 and 3% last week. Disappointing economic data here and in Europe didn’t help, nor did the lousy jobs report. But nothing thus far suggests that the economy is headed for trouble this year.