Friday, August 19, 2011

BREAKING NEWS: Stock Futures Pointing To Another Big Selloff

Don't expect a rebound in stocks Friday, at least at the open. After Thursday's 419-point rout, futures on the Dow Jones Industrial Average are off another 160 points, and the selloff in overseas markets has been substantial. Meanwhile, JPMorgan is the latest Wall Street firm to ratchet back its expectations for GDP growth, cutting its 4Q growth view to 1% from 2.5%.


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