Traders expect October to give the markets a scare, starting
with news on the economy and jobs in the week ahead, according to CNBC.
After a surprisingly good performance in the third quarter,
the thinking is the stock market is ready to pull back, especially after a few
choppy sessions and a new batch of data that should continue to show a
slow-moving, ‘zombie like’ economy. Stocks
logged the best third quarter performance since 2010. For the quarter, the Dow
surged 4.32 percent and the S&P 500 soared 5.76 percent.
The coming week could provide plenty of excuses to take
profits, beginning with Monday’s ISM manufacturing data, again expected to show
weakness in the sector….
Read all about it at http://www.cnbc.com/id/49214466
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