Is a correction near? Wall Street on edge

Wednesday, August 6, 2014

From CNN: So much for the summer doldrums. Investors got a rude awakening last week, and now they're scrambling to figure out what comes next. The Dow Jones industrial average fell more than 300 points on Thursday, erasing its gains for the year. The S&P 500 fell 2.7% last week, the biggest weekly decline since Jan. 2012. Now, investors are trying to determine if the sell-off was overdone, or just the beginning of a larger downturn.

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