Stocks fall on Wall Street, pulling the Standard & Poor's 500 index down from a 5-year high

  • Article by: STEVE ROTHWELL and MATTHEW CRAFT , Associated Press
  • Updated: January 7, 2013 - 4:49 PM

NEW YORK - Investors started the week on a cautious note, pulling the Standard & Poor's 500 index down from the five-year high it reached Friday.

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bobblumenfelJan. 7, 13 3:58 PM

Given that the S&P dropped a whopping 0.31%, this headline seems to be in the running for the title of "How to make even the slightest negative news look like the End of the World."

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Wally_99Jan. 7, 13 5:00 PM

Yet another bubble ready to be burst by virtue of the Fed and its ability to print fiat currency. The stock market is being artificially inflated because of this, and it will come crashing down in due time, folks. Buy gold, guns, ammo, and broad commodities.

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callmeronJan. 7, 13 6:34 PM

This day's stock market change was well within normal trading range and the small drop is not worthy of media coverage. The stock market has been going up because the Federal Reserve is printing money to flood the capital markets with cash to intentionally inflate stock values and NOT because of a recovering economy. "Chairman Ben S. Bernanke is increasingly aiming for gains in stock prices as the Federal Reserve reaches for new tools to spur the three-year recovery and reduce unemployment stuck above 8 percent. Bernanke, setting the stage for a third round of quantitative easing in an Aug. 31 speech in Jackson Hole, Wyoming, said the strategy works in part by boosting the prices of assets such as equities." Source: Bernanke Seeks Gains for Stocks in Push for Jobs: Economy, Bloomberg.com, Oct 2, 2012.

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ciamanJan. 7, 13 8:41 PM

I think everything in stocks and feeble interest is whimsical from the Federal Reserve. Most of the Baby Boomers tried to save some money for their future via the 401 K plan. Alas, with one percent interest that has been here for a long time and will continue for the long run. I think we are like the Pequote in "Moby Dick". Our ship is going down but all we hear is how great we are and how our stocks are going to magically leap for joy. What rubbish! The coming debates about our giant debt will look like a typhoon that may accost us with a gridlock that we have never seen. Put your money into gold and silver and never certificates at all. Get the real thing and hang on tight. That is it folks.

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