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Written by Value Seeker
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Monday, 19 November 2007 |
Market drops by about 1.5% due to worries about subprime market, dollar decline, etc.
The stock market tumbled once again for the same old reasons. A renewed worry about subprime's spread caused a selloff.
In today's turbulent market, many investors may also have been selling to avoid holding many securities going into the Thanksgiving Day holiday. The S&P is now up by about 1% this year, so it is quite possible the market will have its first negative year since 2002.
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