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Stocks edge higher after a 4-week slump; Dow gives up an early rally of 200 points
Stocks fall in afternoon trading as traders, seeking safety, sell in advance of the weekend
Over her multi-decade legendary career, technical analyst Louise Yamada has seen all kinds of markets and probably analyzed more than a million charts.
At some point, we all have to make a call on the economy and whether we are going into a recession.
U.S. banks got hammered last week on concerns the sovereign debt crisis in Europe coupled with slow growth and a weak U.S. consumer are setting the stage for another financial crisis. U.S. banks still have some troubling legacy assets on their balance sheets but for the most part they are in much healthier shape then back in 2008, says John Garvey head of U.S. banks and capital markets at PricewaterhouseCoopers. "The banks have made pretty significant steps in the last couple of years to improve their stability in terms of their funding sources, in terms of capital."
After the stock market lost 20% of its value in October 1987, Sam Walton, then one of America's richest men, was unfazed.