Last week started off with fears of Armageddon as the contagion from the emerging markets hit the developed stock markets quite hard. The S&P 500 futures lost 44 points by mid-afternoon, Monday, with little in the way of a bounce. The gloom seemed to spread over the next two days as several economists tempered their bullish economic outlooks for 2014. The weaker-than-expected Factory Orders last Tuesday did not help much though stocks did stabilize. Investors pulled a record of $8.8 billion from...
Last week started off with fears of Armageddon as the contagion from the emerging markets hit the developed stock markets quite hard. The S&P 500 futures lost 44 points by mid-afternoon, Monday, with little in the way of a bounce. The gloom seemed to spread over the next two days as several economists tempered their bullish economic outlooks for 2014. The weaker-than-expected Factory Orders last Tuesday did not help much though stocks did stabilize. Investors pulled a record of $8.8 billion from...
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