Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.
Why are stocks down two days in a row after setting record high upon record high? Perhaps investors are disappointed that the Fed wasn't dovish enough in the statement from this week's monetary policy meeting -- the penultimate meeting of the year. Mind you, with the S&P 500 up 23% year to date in a halting economic recovery, it's not altogether surprising that the market might want to pause to catch its breath. Read more XOM.
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