Indexes sold off relatively strongly Monday; the opened down at the open as some comments out of China indicated no new easing would becoming from the government and never really mounted any serious rally intraday. If you recall in one of our recaps last week we had noted some thought the Chinese would be doing some new stimulus. The S&P 500 fell 0.80% and the NASDAQ 1.14%. In economic news existing home sales fell 1.8 percent in August, far from the growth of 1 percent that had been expected.Continue reading
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