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Can The Fed Ignore This Market Rout?

By Anthony Mirhaydari, Fiscal Times - August 22, 2015

Stocks are getting slammed again on Friday after the Dow Jones Industrial Average fell 2.1 percent on Thursday to close below the 17,000 level for the first time since October. The S&P 500 dipped below 2,000 and sliced below its 200-day moving average, putting its post-2011 uptrend at risk. Hints of panic are in the air as well, as the CBOE Volatility Index (VIX) surged 25 percent yesterday and another 23 percent today to return to levels not seen since October.

Many catalysts were fingered for blame, especially a weak early reading on factory activity in China "” further evidence that the Chinese economy is slowing down. There are also worries about corporate earnings amid the ongoing slide in oil prices. And company-specific news is weighing as well, with Disney (DIS) down hard on cord-cutting concerns.

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