Filed under: Economy, Investing, Apple, Bank of America, Amazon.com, Citigroup
Few stocks other than Amazon (AMZN) and Apple (AAPL) are trading near their 52-week highs right now. The stock market, as measured by the S&P 500, sits at 1,131, a low point it hasn't traded near consistently since late 2009. There's every reason to believe it will decline back to the levels it hit just before and after the sickening sell-off that bottomed in March 2009. In other words, the next correction could drop the S&P 500 to below 900. The most obvious reasons for a new leg down...U.S. Stock Market Poised for Another Huge Drop originally appeared on DailyFinance.com on 2011-10-03T08:30:00Z.
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