Stocks Fell Last Week But Remain Perched Just Below Record Highs
STOCK MARKET COMMENTARY: FRIDAY, AUGUST 09, 2013 The major averages slid last week after fear spread regarding when the Fed will taper. So far, the action remains healthy as prior chart highs are being defended. The S&P 500’s high in May was 1687 so that is the first near term area of support, then its…