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Tuesday, August 02, 2011

Could U.S. Manufacturing Slump Signal A Downward Slide?

Stocks are about 3.5% cheaper than they were a week ago, and for value-hungry investors, that number could go even lower this week once reality sets in.

That after the two big pieces of news that impacted the markets Monday – the debt ceiling agreement in Washington and a toxic U.S. manufacturing report from the Institute for Supply Management’s – have turned the financial markets on their head.



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