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Stocks Finish Week with Worst Two-Session Slide Since June (Bloomberg)
Stocks continued to fall today, wrapping up the week with their worst two-day performance in 10 months. “You need to shake out some of the speculative money and throw water on the irrational exuberance,” Randy Frederick, managing director of trading and derivatives at Charles Schwab Corp., said. “It’s a good reminder that markets don’t go straight up. While the long-term is positive, we need to have these steps back along the way. We need this kind of pullback.”
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