"Economists are pessimists: they've predicted 8 of the last 3 depressions."
--Barry Asmus

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The information presented in this blog and its individual articles is provided for informational use only and should not be considered investment advice or an offer for a particular security. The contents reflect the views and opinions of the individual writer as of the date the article was written and do not necessarily represent the views of the individual writer on the current date. They also do not in any way, shape, or form represent the views of the Firm Never-To-Be-Named. Any such views are subject to change at any time based upon market or other conditions and The Great Redoubt and its individual writers disclaim any responsibility to update such views. These views should not be relied on as investment advice, and because investment decisions for any security are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any contributor to The Great Redoubt. Neither The Great Redoubt nor any individual author can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Please consult your tax or financial advisor for additional information concerning your specific situation.

Tuesday, November 16, 2010

US Stocks Fall Further As China Worries Escalate

NEW YORK (MarketWatch) -- U.S. stock losses steepened on Tuesday with investors rattled by events overseas, namely potential moves by China to stem its economic growth and discussions in Europe on a possible bailout of Ireland. The Dow Jones Industrial Average fell 158.33 points to 11,043.14. The S&P 500 Index declined 17.51 points to 1,180.22. The Nasdaq Composite shed 38.30 points to 2,475.5.

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