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Stocks Take a Breather after Alibaba

By
Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

Stocks paused today for profit taking in the face a burgeoning bond market and in the wake of last's week's blockbuster Alibaba initial public offering.  Recent reductions in crude oil pricing have lead to gasoline being available for less than $3.00 per gallon in isolated spots across the country.  Stocks closed broadly lower with the Dow losing 107 points at its low of the day.

Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

So true Jeff but boy has the market climbed like crazy in the last two years.

Sep 22, 2014 08:17 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Jeff

A few mixed signals today . . .  . thanks for sharing your thoughts.

Good luck and success.

Lou Ludwig

Sep 22, 2014 12:57 PM
Winston Heverly
Coldwell Banker Access Realty - South Macon, GA
GRI, ABR, SFR, CDPE, CIAS, PA

It has to do with the Russell 2000. Charts indicate bear market, not good for the approaching October an a sell-off to come is my prediction.

Sep 22, 2014 02:36 PM