Reversing decent premarket gains, stocks turn lower mid-morning, the Dow and the S&P each down about 0.7%. The fiscal cliff gets the headlines, but don't forget the perverse effects of monetary policy. After listening to a month's worth of financial company earnings calls, it's become clear the business of using money to make money is sluggish-to-lousy at the moment.
Reversing decent premarket gains, stocks turn lower mid-morning, the Dow and the S&P each...
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