The Reason for Wednesday's Hard Fall in Stocks: 'Dangerous, But Necessary'
December 12, 2013 at 10:12 AM EST
As we've discussed a time (or twenty), the primary objective of this oftentimes meandering morning market missive is to identify and understand the "drivers" of the market action. At times this task is child's play. A piece of economic news comes out and the market reacts accordingly. One doesn't need a Ph.D.