IPFS News Link • Economy - Economics USA
US stocks slammed; Dow falls 300-plus points in worst week since 2011
• cnbc.com"We've touched off by what's going on around the world, so to speak, and are reallocating assets from some of the emerging markets into what is thought of as more reliable," said JJ Kinahan, chief strategist at TD Ameritrade. "It's a safe parking spot," Kinahan added of fixed income.
"It appears this is a wait-and-see equity market that lacks near-term conviction, which is understandable after the strong returns of 2013.