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The modest movements Friday could merely be that investors are “a small little bit tired,” stated Paul Zemsky, head of asset allocation at ING Investment Administration. “The fundamentals would indicate we ought to be higher.” Stocks have been on a regular climb for nearly two months. A pause, especially following strong earnings the past couple of days, “is completely all-natural and maybe even anticipated,” Zemsky said.
There is a great deal of evidence to back him up: 1907 panic in the U.S. was marked by the Singer Developing; the Fantastic Depression adopted the Empire Condition Developing; the Asian currency crisis of 1998 – the Petronas Twin Towers.
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