Skip to comments.U.S. stocks end worst week in four months
Posted on 10/12/2012 2:27:29 PM PDT by ExxonPatrolUs
..."Were all waiting on Spain now," said Bill Stone, chief investment strategist at PNC Asset Management Group, of persistent speculation over if and when the debt-strapped nation would ask for a financial bailout a prerequisite for the European Central Bank to purchase its debt and help lower its borrowing costs... "We got a little help from earnings season so far, added Stone... But Wall Street gains were limited, with October so far proving to be a lackluster month for U.S. equities... "In the U.S., theres the fiscal cliff and election to deal with, and on the European side, they still have to figure out their fiscal issues, Stone elaborated... For every stock rising, almost two fell on the New York Stock Exchange, where 624 million shares traded... Shares of Wells Fargo & Co. (WFC) slid 2.6% after the bank reported revenue below expectations... Advanced Micro Devices Inc. (AMD) shed 14% after the computer-processor maker reduced its third-quarter revenue outlook.
(Excerpt) Read more at marketwatch.com ...
We are nearing the point of no return on QE infinity. Once we go past it, it cannot be turned off.
Maybe this will convince some folks the markets don't pay attention the the politicians day to day..
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