Some people might wonder if the angst over problems in the subprime mortgage market is overblown, but that hasn’t stopped some investors from using it as a reason to pare their stock portfolios.
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Original post by North County Times
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With the economy growing at 8-9 per cent, consumption is likely to remain a dominant theme in the markets.
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Stocks gave up early gains and fell Friday as Wall Street wrestled with inflation data that wasn’t as bad as the market had feared but showed prices continue to rise despite a slowing economy.
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After initially shrugging off the latest reading on inflation Friday, investors sent stocks down on the realization that the Federal Reserve is unlikely to cut interest rates next week.
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