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Market recap: Stocks moved off early lows but still ended with modest losses following a...

  • Thursday, November 15, 2012, 4:10 PM ET
    Market recap: Stocks moved off early lows but still ended with modest losses following a series of negative economic reports (I, II, III) skewed by Sandy and as investors worry about the fiscal cliff. Wal-Mart slipped after reporting worse than expected revenue; Apple extended its selloff. Crude oil slid 1% to $85.45, ignoring escalating Middle East tensions. NYSE decliners led advancers three to two.
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  • why would equities respond to Sandy? the bankruptcy of New York City, New Jersey and Connecticut strikes me as good news not bad....insofar as equity investing is concerned. "highly inefficient" are they not...unlike say...Exxon Mobil, Fed Ex or Wal Mart. Besides "i can just build apartment complexes on top of Wal Mart stores." free parking included...
    15 Nov 2012, 05:05 PM Reply Like
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