Correction: YE-Wall Street-Unstoppable Stocks story

  • Article by: Associated Press
  • Updated: January 2, 2014 - 11:00 AM

NEW YORK — In a story Dec. 31 about the stock market's 2013 performance, The Associated Press reported erroneously that Aberdeen Asset Management has $3 billion in assets under management. The company has about $325 billion in assets under management. The $3 billion is the amount Aberdeen oversees in U.S. stocks.

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martiankingDec. 31, 13 5:16 PM

That's nice. Now if the corporations will put those earnings next year into wages that will make our country's economy even stronger. But probably won't happen since corporate greed is the standard now.

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fatredneckDec. 31, 13 5:25 PM

"Nothing could stop the great bull market of 2013."...well yeah when you print money like toilet paper, it'll run up the market because the money has to go soewhere...but there is no underlying strength, once the printing presses get shut down, and they will one way or the other,watch out!

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fatredneckDec. 31, 13 5:25 PM

"Nothing could stop the great bull market of 2013."...well yeah when you print money like toilet paper, it'll run up the market because the money has to go soewhere...but there is no underlying strength, once the printing presses get shut down, and they will one way or the other,watch out!

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erikj3Jan. 1, 14 2:47 AM

The stock market is NOT the economy.

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maguayJan. 1, 14 7:47 AM

The stock market performing well helps ALL Americans who have pensions, 401K plans, Roth IRAs or own mutual funds. Unfortunately 35% of people have saved nothing for retirement. Some of this is due to financial constraints but a lot of it is that people would rather spend their money on the newest big screen TV or trips to Florida.

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MN's loneliest REPJan. 1, 14 9:12 AM

How close to a "full recovery of losses", is the investor who lost 40-45% of their portfolio in 2008 to the Great Recession ?

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ikyabwaiJan. 1, 14 4:46 PM

The stock market is NOT the economy. ============================================= It's called a leading indicator. The stock market always performs much better under Democrats than the GOP. That pattern has gone on over 50 years. So if you want to make money vote for the Democrats. If you want to lose your rear end vote for the GOP!

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theagonybhoJan. 2, 14 7:56 AM

kyabwai, the stock market always performs better when you pump 85 billion a month into it.

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