Markets: No News Is Good News

Any new data, it seems, can depress stock markets these days.


A pair of specialists work on the floor of the New York Stock Exchange Thursday, Aug. 15, 2013. Warnings of weaker sales from two major companies and concerns about the Federal Reserve sent the stock market spiraling Thursday.

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"[Tapering] may have some impact on rates, [and] it may have some impact on stock prices. But in the longer term, stock prices are going to be based on the real economy," says Faucher. "I think this is an overreaction."

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