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Possible Stagflation?; Stocks Lose Ground On Higher Volume, Giving The Market Its Second Distribution Day

Stocks started the day weak on the back of data from the NAR announcing that they expected existing home sales to fall in 2007-the first drop in 38 yrs-and also see lower existing and new home sales in the short term. That combined with higher gas prices weighed on stocks early. But once again the [...]

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