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Stagnation Nation: Dow Drops -131 Points, Down -218 Points Since ECB Meeting

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

It was another day of volatility in the equity markets. The Dow Jones Industrial Average fell -131 points.

Liquidity moves markets!

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Ever since the European Central Bank meeting on September 8, the DJIA has lost 218 points, despite a brief respite from The Fed with a no increase signal.

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This is not that surprising given The New York Fed’s downgrading of its Q4 GDP forecast to 1.22%.

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Hardly a positive development for the US Economy.

April Ludgate does NOT approve.

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