Concern about recovery, politics sends jitters through market
Traders are discussing the possibility that a market correction might be coming as investors become increasingly concerned about proposals from the Obama administration and the strength of the global economic recovery. Last week, stocks tumbled, and some analysts said the downward momentum could continue as various factors collide. "A confluence of all those headwinds creates a perfect storm of uncertainty on a market that had already been a bit vulnerable to a pullback," said Quincy M. Krosby, a Prudential Financial market strategist.
NYTimes.com | 01/24
This story published in CPA Letter Daily on 01/25/2010
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