More Tapering Causes Equity Sell-off

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

Stocks had another bad day today as the announcement from the Fed Open Market committee (the last with Ben Bernanke in charge) was released.  Stocks had been down all morning as Yahoo and Boeing, a Dow component, posted lower earnings.  When the Fed news of continued tapering came out the Dow dipped below 200 points.  A little sensibility came back to the market but not much as the Dow closed down 189 points.

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