Stocks sell off for second day in row. The excuses, er reasons - TopicsExpress

Stocks sell off for second day in row. The excuses, er reasons cited being slowing numbers in China and Argentina. In reality, after a hell of a run, equity traders were just looking for any reasons to sell off. China and Argentina are nothing new. Looks to be a healthy start to a rebalance. Only legitimate reason I can see is start of more tapering (or the fed getting out of the way), but the reality is the recovery has not been as broad and healthy as the administration makes it seem. This is the case of two steps forward one step back... but did we take only 2 steps forward, or was it 4 or 5 and now we need to come back to reality? Time will tell.

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