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It was another day of volatility in the equity markets. The Dow Jones Industrial Average fell -131 points.
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.
This is not that surprising given The New York Fed’s downgrading of its Q4 GDP forecast to 1.22%.
Hardly a positive development for the US Economy.
April Ludgate does NOT approve.