NEW YORK (Reuters) - Stocks fell for a fourth day on Tuesday as more pessimism from companies compounded worries the sluggish world economy is taking a toll on profit growth.
A sales warning from engine maker Cummins Inc (CMI) came on top of earlier weak forecasts from chipmakers Applied Materials Inc (AMAT) and Advanced Micro Devices (AMD), causing the market to extend losses in afternoon trading.
Remember the asswipe who said "dangerous not to be in stocks" what a major PUTZ MONKEY, stocks "could" rise, but that is still a rather reckless statement to make.
That said, stocks continue their CHOP......keep in mind, betwwen early 2007-2008.....early warnings and a lack of sharp selloff led the lambs to slaughter.
HOW LONG can THE FED WILL SAVE US, MORE QE whatever keep having any effect at all.
D
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