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The Stock Market Has Turned Red

Oct 9, 2013, 19:23 IST

Flickr/LeRamz

U.S. futures were looking up overnight. But minutes into the trading session, everything turned red.

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On Tuesday evening, the White House announced the President Obama would announce the nomination of Janet Yellen for Federal Reserve Chair.

The nomination of a dovish Fed Chair and the removal of uncertainty gave the markets a brief bounce.

But as we see this morning, that bounce was short-lived.

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