Weaker-than-expected service industry growth combined with fears of the government shutdown leading to a recession caused stocks to drop today, sending the S&P 500 down almost one percent for its biggest decline in more than a month. “I think people are starting to raise an eyebrow finally,” Joseph Saluzzi, partner and co-head of equity trading at Themis Trading LLC in Chatham, New Jersey, said. “The longer this goes on, people get a little more nervous. And when people get nervous they sell first and ask questions later.”
Keynesian economics has created much mischief in the world -- a bias toward inflation and easy money, chronic deficit spending, an anti-saving mentality, progressive taxation, big government and the welfare state.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
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Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers: